Westwood Triplex with Secondary Suites
6 Legal Rental Units • CMHC MLI SELECT Qualified
Project Overview
- Address: 11939 101 ST NW, Edmonton
- Listing Price: $1,599,900
- Unit Mix: 3 Two-Storey Suites (3 bed / 2.5 bath) + 3 Legal Basement Suites (1 bed / 1 bath)
- Total Area: 3,600 SqFt (1,200 SqFt per main suite, ~500 SqFt per basement suite)
- Status: Under Construction – Ready by February 2026
Financial Highlights
Self Managed
- Gross Rent: $120,600/year
- Vacancy Adjustment (3%): $3,618
- Effective Gross Income: $116,982
- Net Operating Income (NOI): $99,954
- Cash Flow After Debt: $25,462
- Cap Rate: 6.25%
- Cash-on-Cash ROI: 51.69%
Property Managed
- NOI: $90,596
- Cash Flow After Debt: $16,103
- Cap Rate: 5.66%
- Cash-on-Cash ROI: 39.99%
Property Features
- 9ft Basement Ceilings with South-Facing Windows
- Quartz Countertops, Vinyl Plank Flooring, Stainless Steel Appliances
- Upper Floor Laundry in All Main Units
- Built-in Bench + Pantry + Storage Space
- 3 Energized Parking Stalls
- Infill Development near LRT, Downtown, U of A, and ICE District
