Centro | 9 Unit Apartment Building

Located in the heart of Edmonton, this property is perfectly situated for urban renters. The CentralMcDougall area offers easy access to downtown, theICE District, and key employment centers. Tenants enjoy proximity to LRT stations, shopping, restaurants, and schools, making this a high-demand rental location.With ongoing revitalization and infrastructure improvements in the area, property values and rental demand continue to rise, ensuring a strong long-term investment.Offered together for $3,000,000, this listing includes a fully renovated 9-unit apartment building and the adjacent development parcel—a rare opportunity to combine stable income with future upside. The apartment building is priced at $2.45M and comes with an assumable CMHC mortgage requiring just $125,439 down—an exceptionally low barrier to entry with a 14%+ cash-on-cash return. The adjacent land, priced at $550,000, is available with a vendor take-back mortgage at 90% loan-to-value, interest-only for 24 months, giving a buyer time to pursue development and secure construction financing. The building features in-suite laundry in all units, was fully renovated in 2024, and generates strong income with minimal capital needs. This bundled offering is perfect for investors or developers seeking short-term yield and long-term upside.