8-Unit Townhome InvestmentHazeldean, Edmonton
A completed 8-unit in Hazeldean: walk to the school, the ravine and Ritchie Market, about 15 minutes to downtown, and offered below its $2.42M appraisal.
- CMHC MLI Select qualified structure: 95% LTV, 50-year amortization
- $1,561/month cash flow — 1.17x DSCR, 215% projected 3-year ROI
- 4 townhomes + 4 legal suites + parking — $14,900/month gross revenue
- About 1.8 km to Whyte Avenue, ~4 km to the University of Alberta (46,201 students), and an elementary school a short walk away
Purchase Price
$2,300,000
Annual Revenue
$178,800
$1,561/mo
Net Monthly Cashflow
8 Units
4 × 3 Bed / 2.5 Bath Townhomes + 4 × 2 Bed / 1 Bath Legal Suites
$178,800 Annual Revenue
Includes $500/mo parking income
Investment Performance
Key financial metrics that matter to investors
DSCR
1.17
Debt Service Coverage Ratio
Monthly Cashflow
$1,561
Positive cash flow from day one
3-Year ROI
215%
Projected return on cash invested
Cap Rate
5.60%
Estimated annual capitalization
Prime Location
Hazeldean, Edmonton
Released to qualified investors
A mature, tree-lined ravine neighbourhood of 2,997 residents, ranked Edmonton's 18th most walkable, between Old Strathcona and Southgate.
About 15 minutes to downtown Edmonton (Hazeldean's average commute to the core)
Hazeldean School a short walk away; Ritchie Market (Transcend Coffee, Acme Meat Market, Blind Enthusiasm Brewing) about 1.2 km north
Walkability Score: 66 · Bike Score: 65
University of Alberta (46,201 students, 11,884 employees) about 4 km west; Valley Line LRT Avonmore Stop about 1.7 km east
Strategic Hazeldean Location
Hazeldean is where Edmonton's central renters go when they want a house-style home instead of a high-rise. That means young families, University of Alberta grad students and staff, and professionals who want a short commute without a downtown condo. Families can walk to Hazeldean School and the Mill Creek Ravine trail network. Ritchie Market's coffee roaster, butcher and brewery are about 1.2 km north, and Whyte Avenue and Old Strathcona, Edmonton's best-known dining and nightlife strip, are about 1.8 km up 99 Street. Hazeldean's average commute to the core is about 15 minutes. The University of Alberta, with 46,201 students and 11,884 employees, is about 4 km west, and the Valley Line LRT's Avonmore Stop, open since November 2023, is about 1.7 km east. Demand for this kind of home is backed by Edmonton's growth: the city's population rose 3.4% from 2024 to 2025, while CMHC counts just 9,634 private townhouse rentals citywide against 80,787 apartments, and 3-bedroom townhouse vacancy was 3.3% in October 2025. A brand-new 3-bedroom in this neighbourhood is scarce, which makes it the easiest kind of unit to keep full and the core of an MLI Select buy-and-hold.
Distance to Key Destinations
Hazeldean School
~0.2 km
Mill Creek Ravine trails
a few blocks
Ritchie Market
~1.2 km
Valley Line LRT (Avonmore)
~1.7 km
Whyte Ave / Old Strathcona
~1.8 km
Bonnie Doon Shopping Centre
~2.3 km
Southgate Centre
~3 km
University of Alberta & U of A Hospital
~4 km
Downtown Edmonton
~15 min
Property Breakdown
8 thoughtfully designed rental units maximizing rental income in Hazeldean.
3 Bed Townhome
4 units @ $2,150/mo
2 Bed Legal Suite
4 units @ $1,450/mo
Parking
Surface stalls
Total Monthly Revenue
$14,900
Annual Gross Revenue
$178,800
Investor Requirements
Standard qualifications needed to secure this investment opportunity
Cash Required
$164,800
Total investment to close
Down payment + lender fee + closing costs
Net Worth
$575,000
Assets less liabilities
25% of purchase price ($2.3M)
Liquidity
$230,000
Cash, savings, LOC, stocks, etc
10% of purchase price ($2.3M)
Ready to Qualify?
If you meet these requirements, you're well-positioned to secure financing for this exceptional investment opportunity. The property is fully pre-qualified with CMHC MLI Select financing, making the approval process streamlined and efficient.
DSCR
1.17
Loan-to-Value
95%
Interest Rate
4.50%
Investment Analysis
Long-term wealth building with exceptional returns
Financing Highlights
- CMHC MLI Select pre-qualified
- 95% Loan-to-Value financing
- 50-year amortization period
- 4.50% interest rate secured
- $164,800 total investment required
Down Payment (5%)
$115,000
Mortgage Broker Fee (0.85%)
$19,550
Lender Fee (0.75%)
$17,250
Closing Costs
$13,000
Total Investment
$164,800
Exceptional Cash Flow
$1,561/mo1.17x DSCR on $128,702 NOI, with the townhomes priced below new 3-bed infill listings nearby.
215% ROI at Year 3
Year 3 ROIBuilt-in equity from day one: a $2.3M purchase against a $2.42M as-complete appraisal, plus $11,882 of first-year principal paydown, compounding appreciation and rental growth.
4 Three-Bedroom Townhomes
1,177–1,202 sqft/unitTwo-storey 3 bed / 2.5 bath homes with a primary ensuite, private deck, and in-suite laundry. This is the space families and sharing professionals rent for years, not months, and turnover is where vacancy cost lives.
Hazeldean, Edmonton
Walkability: 66With 3-bedroom townhouse vacancy at 3.3% citywide and the University of Alberta about 4 km away, new Hazeldean townhomes rent to families and university-linked professionals. They get a school and ravine at the door and Whyte Avenue minutes up 99 Street.
Ready to Secure This Investment?
A completed MLI Select 8-plex in Hazeldean, offered below appraisal with immediate possession. With $1,561/month cashflow and 215% projected 3-year ROI, this property won't last long.