LiveMLS E4508097Buy & hold

361 LEE RIDGE RD NW · Detached rental

Edmonton, AB · Detached rental · 1 unit

$570,000listed

Workable offer

Edmonton market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

361 LEE RIDGE RD NW is a 1-unit detached rental in Edmonton, AB, asking $570,000 — $570,000 per door.

That sits above the Edmonton band of $145k - $245k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Edmonton cap rates screen 5.8% - 7.5% against average rent near $1,650 a door.

At 1 unit this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Edmonton offers low basis and yield, but vacancy, liquidity, and renovation execution deserve extra attention. Investor demand reads medium, vacancy improving.

Asking price: $570,000
Units: 1 unit
Property type: Detached rental
Location: Edmonton, AB
Price per door: $570,000
Edmonton cap band: 5.8% - 7.5%
Edmonton average rent: $1,650

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.