Multi Family

115-140 Unit Multi-Family Investment in Revitalized Highlands




5607-5615 118th Avenue

We are thrilled to present another exceptional multi-family investment opportunity in our Calvin Realty x Teknicon Collaboration in the revitalized Highlands neighborhood of Edmonton. This high-density, six-storey apartment development promises significant ROI potential and is perfectly tailored for astute investors seeking strong returns and future growth.


Property Highlights:

  • Location: 5607-5615 118th Avenue, Edmonton
  • Price: $5,699,999
  • Estimated Value: $6,299,999 at 5% Cap
  • Type: Six-Storey Apartment Building
  • Units: 115-140 units (with potential for further density)
  • Completion: Development permit submitted
  • Zoning: RA8 high density
  • Special Opportunity: No money down scenario, potential for assuming CMHC mortgage financing

Key Investment Features:

  • Prime Location: Situated in the heart of Highlands, benefiting from the 118th Avenue Revitalization Initiative.
  • High ROI Potential: Supported by strategic location and city initiatives, ensuring strong rental demand and future appreciation.
  • Flexibility: Opportunity to alter unit sizes during the building permitting phase to maximize the number of units.
  • Turnkey Project: Development permit already submitted, providing a streamlined path to completion.

Community Highlights:

  • Desirable Neighborhood: Highlands is known for its historic charm, stunning river valley views, and diverse housing options. With a close-knit community of approximately 2,500 residents, it combines affordability and high-end properties, catering to various demographics.
  • Amenities and Recreation: Proximity to the North Saskatchewan River, Highlands Park, and Kinnaird Park offers residents ample recreational options and a serene living environment.
  • Excellent Connectivity: Major roadways like 112 Avenue and 50 Street provide seamless connectivity to downtown Edmonton and other parts of the city. Public transit services, including several bus routes, enhance the area’s accessibility.

Why Invest in Highlands? Highlands’ blend of historic charm, scenic beauty, and strategic location near key amenities makes it a prime area for multi-family investments. This six-storey apartment development offers a unique opportunity to capitalize on the neighborhood’s strong rental demand and future growth potential.


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