We are excited to present a unique and lucrative investment opportunity in the heart of Edmonton, brought to you by Calvin Realty in collaboration with Teknicon. Located at 10804 107th Street, this project offers flexible development options designed to maximize your returns in one of Edmonton’s most vibrant and evolving neighborhoods.

About the Project: VIEW INFO PACKAGE HERE

This builder opportunity comes with a development permit approved for a 14-unit townhouse project with legal suites. Alternatively, you can opt for a 4-story, 32-unit apartment building, pending EDC approval. This flexibility allows you to choose the development plan that best aligns with your investment strategy.

Investment Options:

Option 1: 14-Plex Development Plan

• Selling Price: $3,699,999
• Projected Value: $4,225,000 at 5% Cap
• Description: 7 Row Houses (Each 1575 Sqft + 595 Sqft legal basement suites)
• Features:
  • Each Townhome: 4 Bedrooms, 2.5 Bathrooms, and third-level balcony
  • Each Legal Suite: 1 Bedroom, 1 Bathroom
  • No on-site parking, ample street parking
  • Turnkey project: landscaping, interior finishings, blinds, and appliance package
  • Completion: Spring 2025
  • MLI Select Qualification: Yes
  • Warranty Provider: Progressive

Option 2: 32-Unit Apartment Building Plan

• Selling Price: $5,699,999
• Projected Value: $6,299,999 at 5% Cap
• Description: Four Storeys with 32 units (Each 525+ Sqft)
• Features:
  • Each Apartment Suite: 1 Bedroom, 1 Bathroom
  • No on-site parking, ample street parking
  • Turnkey project: landscaping, interior finishings, blinds, and appliance package
  • Completion: Fall 2025
  • MLI Select Qualification: Yes
  • Warranty Provider: Progressive

Community Highlights:

Central McDougall is a dynamic residential neighborhood located in central Edmonton, known for its diverse blend of housing options, including historic single-family homes, modern condominiums, and apartment complexes. The community is home to approximately 6,000 residents, contributing to its lively atmosphere and strong community spirit. Key amenities include:

• Proximity to MacEwan University: Attracts 30,000 new students annually.
• Convenient Transportation: Access to major roadways, public transit, and the Edmonton Light Rail Transit (LRT) system.
• Vibrant Local Amenities: Shopping, dining, cultural attractions, and several parks and green spaces like Railtown Park and McDougall Park.