Modern River's Edge Half-Duplex with Suite Potential

This newly constructed half-duplex in the growing River's Edge community represents a strategic entry point for investors looking for modern, low-maintenance assets. The property features 1,509 square feet of living space, 9-foot ceilings on both the main and basement levels, and a double attached garage with a floor drain. Its design includes a separate side entrance, which is a critical feature for investors planning to add a secondary suite to maximize rental yield. Suite/zoning status to be independently verified with the municipality. Based on a 20% down payment of $101,720 at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $2,500. With estimated market rents of $2,300/mo, this property is currently cash-flow neutral to slightly negative, but it offers significant upside through the addition of a basement suite, which would drastically improve the debt-service coverage ratio. Edmonton continues to show strong fundamentals, with a 5-year historical appreciation of 23% and a 1-year appreciation of 8%. This property is well-positioned to capture the demand from tenants seeking newer, high-quality suburban housing. The primary investment thesis here is long-term equity growth combined with the ability to force appreciation through the development of a secondary suite. Risks include the current interest rate environment and the potential for vacancy during the initial lease-up phase. Investors should also account for property taxes, estimated here at 1.2% of the purchase price, or $6,103 annually.