2 x Laned Home in West Edmonton with 2 Bedroom Legal Suite &
Double Garage Suite (4 Rentals In One)

This is a unique opportunity to purchase two laned homes that each have 4 rental suites!

The suites are made up as follows:

Double detached Garage is converted to two secondary suites, then the house has the main living area for rent as well as a legal suite in the basement.
The driveway is then extended to allow for parking.

Project Specifics:

• 1668 SQFT (Main) – 3 BED – 2.5 BATH
• 585 SQFT (Legal Suite) – 2 BED – 1 BATH
• ~500 SQFT (Garage Suite) – 1 BED – 1 BATH
• POSSESSION DATE: Summer/Fall 2025
• PURCHASE PRICE: ~$1,850,000 INCL GST*
• *Purchase price is approximate and may be slightly lower/higher after options etc.

Notes:

This is a very unique MLI Select opportunity. The garage can be converted into two suites, and the basement converted into a suite as well. You buy 2 laned homes and you get 8 rental units. This creates a very exciting opportunity for investors! It is also in an incredible area in Edmonton. Very rentable location which is essential when purchasing MLI Select projects.

Rental Comparables:

For all MLI Select projects you must remember, you do not only have to worry about renting out a single unit. You have to consider renting them ALL OUT at one time. Due to that, understanding the rental market in that area is especially important.

Here are the current rental comparables in this area:

Let’s say we rent out the Upper Floor for $2,000, the Legal Suite for $1,450, the Upper Garage Suite for $1,200 and Lower Garage Suite for $1,050

This comes to = $5,700 Monthly Rent per unit.

The total rental income (before expenses) comes to approximately $11,400 per month.

MLI Select Project Cashflow Projections

Next let’s take a look at the cashflow projections for this MLI Select investment.

Click Here For Full Cashflow Details

Cashflow Breakdown:

• 10% Down Payment is required with the builder refunding 5% on possession
• Assuming a 3.75% interest rate over 50 years – projected monthly Cash-Flow is ~$1,868 /month
• Debt Service Coverage Ratio is 1.28
• “3 Year ROI” includes cash earned from rental income, appreciation value and equity gained in paying mortgage down
• “Cash” ROI is your Cash-flow divided by Total Investment after refund (aka your actual cash out of pocket)
• These are simply conservative projections based on the current market – ANYTHING COULD CHANGE

Unlock Exceptional Investment Opportunities with the MLI Select Program in West Edmonton

Discover a unique investment property located in the thriving community of West Edmonton, exclusively available through the MLI Select Program. This government-backed initiative is designed to provide investors with lucrative opportunities while supporting sustainable housing development in Alberta.

What is the MLI Select Program?

The MLI Select Program is a financing solution offered by the Canada Mortgage and Housing Corporation (CMHC) aimed at promoting affordable and energy-efficient housing. By investing in MLI Select properties in Edmonton, you gain access to favorable loan terms, reduced interest rates, and higher loan-to-value ratios. This program is not only available in Edmonton but also extends to MLI Select Program in Calgary, offering versatile investment options across Alberta’s major cities.

Why Invest in MLI Select Properties in Edmonton?

• High Demand Location: West Edmonton is a rapidly growing area with a strong rental market, ensuring steady income potential.
• Government Support: Benefit from the CMHC’s backing, reducing investment risk.
• Sustainable Development: Invest in properties that meet energy efficiency and affordability criteria, aligning with modern tenant preferences.
• Competitive Financing: Enjoy flexible financing options exclusive to the MLI Select Program, enhancing your return on investment.

Features of Our West Edmonton MLI Select Property

Our featured property embodies the essence of the MLI Select Program:

• Modern Amenities: Equipped with the latest appliances and facilities that meet energy-efficient standards.
• Strategic Location: Proximity to key amenities like shopping centers, schools, and public transportation.
• Affordable Housing: Designed to provide quality living spaces at affordable rental rates, attracting a broad tenant base.

Get Started with the MLI Select Program Today

Seize this opportunity to invest in a property that offers both financial returns and community impact. Whether you’re new to real estate investing or looking to expand your portfolio, the MLI Select Program in Calgary and Edmonton provides the perfect platform.

Contact us today to learn more about this exclusive investment property in West Edmonton and how the MLI Select Program can work for you.