12-Townhome Investment
McCauley, Edmonton
Twelve brand-new 3-bedroom homes in Edmonton's most walkable neighbourhood, 1.3 km from the Royal Alex.
Front elevation — three-storey Prairie-style façade with two-tone horizontal siding, covered entries and third-floor balconies.
Purchase Price
$3,150,000
Annual Revenue
$261,540
Project Overview
Why This Project Is Different
Every unit is a full three-bedroom, two-level home with its own front door. That is the unit type CMHC says is staying tightest in Edmonton while new one-bedroom towers fight for tenants.
12 Family-Sized Homes
The building has 12 units. Six upper homes span floors two and three, and six lower homes span the main floor and the finished lower level. All 12 are three-bedroom, 1.5-bath layouts. Instead of a mix of large and small units, you get twelve leases at family-home rents.
Stacked Townhome Design
Each home has its own private entrance, a separate kitchen-and-living level, a bedroom level, and in-suite stacked laundry. Units are separated by 1-hour fire-rated party walls rated STC 57 for sound. Tenants get the privacy of a townhouse, and you get the land efficiency of a 12-plex.
Three Storeys + Lower Level
The main floor is 3,402 sqft, the second and third floors are 3,654 sqft each, and above-grade area totals 10,710 sqft. Upper homes run about 1,200 sqft and lower homes about 1,140 sqft. Third-floor bedrooms have 84" window heads, and select units have private balconies.
Buy Before Completion
Possession is to be confirmed. Buying pre-completion locks the price today. The roughly 3-month MLI Select approval runs while the building goes up. Units can be pre-leased before possession, so rent can start as soon as you take ownership.
Net Monthly Cashflow
$2,742/mo
12 Townhomes
3 Bed / 1.5 Bath
6 upper homes (~1,200 sqft) + 6 lower homes (~1,140 sqft)
$261,540 Annual Revenue
No parking revenue modeled
Investment Performance
DSCR
1.20
Debt Service Coverage Ratio
Monthly Cashflow
$2,742
Positive cash flow from day one
3-Year ROI
232%
Projected return on cash invested
Cap Rate
6.05%
Estimated annual capitalization
Architectural Design
12-unit stacked townhome complex
View full floor plans →Contemporary Aesthetics: Prairie-style exterior with two-tone horizontal siding, flat-panel accents, covered verandas, and asphalt shingle roof
Energy Efficient Build: Built to NBC 2023 Alberta Edition, with R-40+ attic, radon mitigation, and sound-insulated floors
Spacious Layouts: ~1,140–1,200 sqft per unit — 3 bed / 1.5 bath
Main Floor: 3,402 sqft · Second: 3,654 sqft · Third: 3,654 sqft (building totals; lower level not included)
Prime Location
McCauley, Edmonton
9331 107A Avenue NW, Edmonton, AB
McCauley is the inner-city neighbourhood between downtown and Commonwealth Stadium, and home to Edmonton's Little Italy and Chinatown.
Transit Score 73 · Metro Line LRT within reach
Location Logic
Strategic McCauley Location
These homes are built for hospital staff, downtown professionals, and newcomer families who need three bedrooms close to work. That size of rental is scarce in central Edmonton, where new supply is mostly one- and two-bedroom apartments.
The Royal Alexandra Hospital is about 1.3 km away. It has more than 850 beds and runs around the clock, so a steady stream of nurses, technicians, and residents need housing nearby. Downtown is about 2 km away, NorQuest College (10,000+ full-time learners) is in the core, and the Metro Line LRT and more than ten bus routes serve the neighbourhood.
That access is why Walk Score ranks McCauley as Edmonton's most walkable neighbourhood, with a Walk Score of 89 and a Transit Score of 73. Edmonton's 2025 vacancy rate was 3.8%, and CMHC's June 2026 update found that family-sized units remain tighter than the wider market. Those are the units this building delivers, which addresses the investor's biggest risk, an empty unit, and supports a long-term MLI Select hold.
~1.3 km
To Royal Alexandra Hospital
~2 km
To downtown core
89
Walk Score — McCauley
3.8%
Edmonton vacancy, 2025
Unit Mix
Property Breakdown
12 thoughtfully designed three-bedroom stacked townhomes maximizing rental income in McCauley
Unit type
Rent
Size
Beds
Baths
Upper Townhome (Floors 2–3)
$1,900/mo
~1,200 sqft~1,200 sqft
3 Bed3 Bed
1.5 Bath1.5 Bath
Lower Townhome (Main + Lower Level)
$1,800/mo
~1,140 sqft~1,140 sqft
3 Bed3 Bed
1.5 Bath1.5 Bath
Lower Townhome — CMHC Affordable
$1,665/mo
~1,140 sqft~1,140 sqft
3 Bed3 Bed
1.5 Bath1.5 Bath
Parking
$0/mo
——
——
——
Parking is not included in the revenue model.
Revenue Breakdown
Upper townhomes (6 units @ $1,900/mo)
$11,400
Lower townhomes (3 units @ $1,800/mo)
$5,400
Lower affordable townhomes (3 units @ $1,665/mo)
$4,995
Parking (0 stalls @ $100)
$0
Pet Fees
$0
Total Monthly
$21,795
Annual Gross
$261,540
Qualifications
Investor Requirements
Standard qualifications needed to secure this investment opportunity
Cash Required
$217,750
Total investment to close (down payment + lender fee + closing costs)
Net Worth
$787,500
Assets less liabilities (25% of purchase price $3.15M)
Liquidity
$315,000
Cash, savings, LOC, stocks, etc. (10% of purchase price $3.15M)
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
1.20
Loan-to-Value
95%
Interest Rate
4.50%
The Numbers
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
$217,750 total investment required
Fee Breakdown
Down Payment (5%)
$157,500
Mortgage Broker Fee (0.75%)
$23,625
Lender Fee (0.75%)
$23,625
Closing Costs
$13,000
Total Investment
$217,750
$2,742/mo
Exceptional Cash Flow
The 1.20x DSCR clears CMHC's 1.10x minimum with room to spare, even after 5% vacancy and 6% management are deducted.
Year 3 ROI
232% ROI at Year 3
Built-in equity from day one with $3.15M purchase, plus compounding appreciation and rental growth
~1,140–1,200 sqft/unit
12 Three-Bedroom Townhomes
Each home has a private entrance, two levels, and in-suite laundry. Three-bedroom homes draw longer-staying household tenants, and CMHC reports family-sized units staying tighter than the market.
Walkability: 89
Edmonton's Most Walkable Neighbourhood
With Edmonton vacancy at 3.8% and the Royal Alexandra Hospital about 1.3 km away, three-bedroom homes in McCauley lease to hospital staff and downtown families who can walk to the LRT, Little Italy, and Chinatown.
Ready to Secure This Investment?
A rare MLI Select opportunity in McCauley. With $2,742/month cashflow and 232% projected 3-year ROI, this property won't last long.