$3,300,000
$3,300,000
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16 Beds
14 Baths
SOLD DATE : 09/29/2025
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Sold Date 09/29/25
Bedrooms 16
Full Baths 12
Half Baths 4
Year Built 2025
Property Description
8 Plex in Mount Pleasant, 3 Bed upstairs with 2.5 Bath & 1 bed, 1 bath legal suite.
CMHC MLI Select Program Advantage
This property is eligible for CMHC's MLI Select Program, one of the most powerful financing tools available for multi-family investors in Canada. The program is designed to promote the creation and preservation of sustainable, affordable, and accessible rental housing — while giving investors access to unmatched lending terms.
Key Benefits of MLI Select:
Higher Leverage: Up to 95% loan-to-value, allowing buyers to maximize capital efficiency.
Extended Amortization: Up to 50-year amortizations for improved cash flow and stronger returns.
Competitive Financing Rates: Preferred terms through CMHC-insured loans, making acquisitions and refinances more affordable.
Flexible Qualification Criteria: Points-based system that rewards affordability, energy efficiency, and accessibility features.
Increased Borrowing Power: Unlock additional equity and scale your portfolio faster with favorable debt coverage ratios.
Why It Matters for Investors:
Properties that qualify under MLI Select give investors the ability to stretch capital further, lower monthly debt obligations, and optimize long-term ROI. Whether you're acquiring stabilized assets, repositioning underperforming properties, or developing new rental housing, this program provides the flexibility and support needed to build wealth through real estate.
For savvy investors, combining the benefits of MLI Select with a well-located, income-producing property like this one offers a unique opportunity to secure exceptional financing, reliable cash flow, and sustainable long-term growth.
Disclaimer: Some properties displayed on this website may not be the exclusive listings of LPT Realty. All information is deemed reliable but is not guaranteed and should be independently verified. Buyers and investors are encouraged to perform their own due diligence before making any real estate decisions.
Location
Province AB
County Alberta
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