Brooks Alberta, MLI Select Project

What if a $3 million equity investment was fully returned—while you retained ownership of an $18 million rental development generating ~$341,000 per year in cash flow?

This project provides one of the best opportunities for MLI Select investors in Alberta.. Let me explain.

72-Unit Shovel-Ready Development | Brooks, Alberta | High Cash Flow • Municipal Support • Immediate Demand

A Small Alberta City Offering A Big-City Investment Opportunity

Check out the future of the Multi Family Industry!

Most real estate investors are trained to look in the same places:
Calgary. Edmonton. Vancouver. Toronto.

But the best-performing rental investments don’t come from oversaturated markets.
They come from undersupplied cities with real jobs, real people, and no housing.

That’s exactly what’s happening in Brooks, Alberta.

Our New Homes Team

Contact Our Team For Exclusive Details

780-690-7281

michael@exprealty.com

119 14 St NW, Calgary, AB T2N 1Z6

Access Details

Why Brooks, Alberta?

Brooks is a growing prairie city in southeastern Alberta, located roughly two hours east of Calgary. With a population of approximately 17,000 people, it’s large enough to support major industry — but small enough that new housing supply simply hasn’t kept up.

This isn’t a speculative town.
Brooks is an industrial and employment-driven economy.

As of January 2026, Brooks continues to face a severe rental shortage, with only 16 rentals currently available on the market. Of these, 11 are apartments, 3 are townhomes, 1 is an upper floor suite, and 1 is a trailer home. All 16 listings feature extremely outdated interiors and finishes—many appearing frozen in the 1970s era with dated cabinetry, flooring, and fixtures—making them far less appealing to modern renters seeking contemporary living spaces.

This scarcity underscores the urgent demand for fresh, high-quality options like our 72-unit development. With bright semi-walkout basement suites, spacious family layouts, and modern design throughout, these new rentals will offer an instant upgrade—providing the contemporary appeal that today’s tenants (from JBS workers to growing families) are desperately seeking.

city of brooks alberta

The Engine: One of Canada’s Largest Meat Processing Plants

At the center of Brooks’ economy is the JBS Foods meat processing facility, one of the largest in Canada.

One of the main reasons for the city’s push for additional housing stems from the agreement signed in Nov’ 25 with COSTCO Mexico to become their #1 Beef supplier.

Here are some other key factors of the Meat Processing Plant that contribute to the housing demand:

  • Over 3,000 full- and part-time employees
  • Operates year-round, 24/7
  • One of Alberta’s largest food processing employers
  • Continues to expand production capacity
  • Over 300 employees bus daily from Medicine Hat due to housing shortage

Here’s the critical detail investors need to understand:

There is nowhere for these workers to live.

So severe is the housing shortage that hundreds of employees are bused daily from Medicine Hat, over an hour away — not because they want to commute, but because they can’t find housing in Brooks.

That is not a soft demand signal.
That is forced demand.

A Market Begging for Housing — Not Another Calgary

Calgary and Edmonton are competitive, investor-heavy markets:

  • Constant new supply

  • Tight margins

  • Heavy competition

  • Slower lease-ups

These are the hyper competitive markets that investors not from Alberta, think are the best places to invest…

Brooks is the opposite.

  • Extremely limited rental inventory

  • Minimal new construction

  • Vacancy rates near historic lows

  • Employers actively struggling to house workers

This is not a market where you “hope” tenants show up.
This is a market where tenants are already there — waiting.

That’s why the City of Brooks is doing something you rarely see.

About the Project

Project Features: Modern, Family-Friendly Rentals Designed for Brooks

This exciting 72-unit development brings much-needed contemporary housing to Brooks, featuring a thoughtful mix of duplexes and 4-plexes with legal basement suites. All units emphasize bright, spacious layouts with modern finishes—perfect for families, essential workers, and long-term tenants.

Unit Breakdown and Key Specifications

  • Total Units: 72 modern rental units
  • Duplexes (24 buildings, 48 units):
    • Main floor: ~1,454 sq ft | 3 bedrooms | 2.5 bathrooms (features rear deck)
    • Basement suite: ~694 sq ft | 1 bedroom | 1 bathroom (legal suite)
  • 4-Plexes (3 buildings, 24 units):
    • Upper units: ~1,332 sq ft | 2 bedrooms | 2.5 bathrooms (featuring dual master bedrooms with Jack-and-Jill sinks)
    • Basement suite: ~633 sq ft | 1 bedroom | 1 bathroom (legal suite)

Standout Design Features

  • Bright Basement Suites: Semi-walkout designs maximize natural light—far superior to typical dark lower levels, making them highly desirable for renters.
  • Modern Amenities: Contemporary kitchens, durable finishes, and family-oriented layouts throughout.
  • Outdoor Living: Rear decks on select upper units for relaxation and entertaining.
  • Efficient & Cost-Effective Build: Relaxed rural regulations allow for larger, brighter suites and lower construction costs compared to Calgary.

These units are engineered for quick rental uptake in Brooks’ tight market—especially the in-demand 1-bedroom suites and spacious family options. Development is shovel-ready with completed engineering, geotech, and architectural drawings.

How the Investment Actually Works

This is a construction-based rental development, not a turnkey purchase.
You as the investor will purchase the land and completed project through pre-negotiated price, and secure your own construction financing.

Here’s the simple breakdown:

  • Total project cost: ~$18,000,000
  • Recommended Financing structure (Optional): Standard construction financing with CMHC MLI Select take-out financing.
  • Investor equity required (Using conventional construction): ~20 - 25% of construction costs
  • That equity unlocks:
  • High-leverage, low-interest financing
  • Long amortization
  • Strong cash flow from day one
  • A professionally appraised stabilized asset

The Appraised Value: Where the Leverage Comes From

Once construction is complete and the project stabilizes, the asset is professionally appraised based on income — not construction cost.

According to the pro forma:

  • Stabilized NOI: ~$1,176,000

  • CMHC-insured loan amount: ~$18,000,000

  • Interest rate: ~4.20%

  • Amortization: 50 years

  • DSCR: ~1.37 – 1.41

This is what allows the project to:

  • Support high leverage

  • Produce meaningful annual cash flow

  • Deliver strong investor returns

What That Means in Real Numbers

Based on the stabilized projections:

–          Annual cash flow: ~$341,000

–          Monthly cash flow: ~$26 – $28k

–          Strong DSCR (est. 1.37 – 1.41) with conservative underwriting

When a City Fast-Tracks Your Project in 3 Days

The City of Brooks understands the problem:
No housing = lost jobs, lost growth, lost tax base.

So when this project was brought forward, the city responded immediately.

  • Development permits approved in three days
  • City staff actively assisted in moving the project forward
  • Infrastructure and approvals prioritized
  • Clear message from the municipality: “We need this built.”

That level of municipal cooperation dramatically reduces development risk — and it almost never happens in large urban centers.

CONTACT US

Looking for more details? Contact us today!

 

Joshua Clark
joshua@newhomesalberta.ca
403-305-9167

Mike Hale
michael@exprealty.com
780-690-7281

 

We’re here to answer your questions and help you move forward. Reach out now—opportunities like this don’t last long!

Compare listings

Compare
Let's chat