11411 88 StreetEdmonton, AB, T5B 3P9

Property Description for 11411 88 Street

TRIPLEX with THREE LEGAL SUITES for a total of SIX RENTAL UNITS located in Parkdale. Three 2-Storey Suites with 3 bed/2.5 bath & Three 1 bed/1 bath BASEMENT SUITES. Will qualify for CMHC MLI SELECT FINANCING. Quick access to Nait, Grant MacEwan, U of A, Campus Saint-Jean by LRT or walk/bus to Concordia. Close to Downtown, ICE District, Kingsway Mall, Royal Alexandra & Glenrose Hospital. Potential monthly rental income of $9,750 w/ annual gross revenue of $117,000 and cap rate of 5%. 3-bedroom suite plan boasts built in bench at entry & 5ft x5ft main floor storage room. Kitchen w/ pantry, quartz counters, vinyl plank flooring & stainless-steel appliances. Tenants will enjoy 3 large bedrooms, 4pc main bath, 4pc ensuite & upper-level laundry. BASEMENT SUITES with large SOUTH facing windows allow plenty of natural light. Landscaped yard with 3 TANDEM ENERGIZED parking stalls. Be part of Edmonton’s downtown gentrification and realize the real estate APPRECIATION many Canadian Cities have seen. Ready SEP 2025.