MJ Group is pleased to present a rare institutional-scale multifamily investment opportunity located in the growing community of Ellerslie in southwest Edmonton. This development features 106 residential units along with approximately 14,500 square feet of commercial space, offering investors a true mixed-use asset with both scale and diversified income streams. Opportunities of this size and composition are extremely limited in emerging high-growth nodes like Ellerslie, making this a compelling acquisition for investors seeking both stability and long-term upside.

What makes this opportunity even more powerful is the ability to leverage CMHC-backed financing under the MLI Select program, offering up to 50-year amortization and as low as 5% down. This structure enables investors to control a large-scale asset with minimal capital deployment while enhancing cash flow and overall return metrics. When combined with the scale of 106 residential units and stabilized commercial income, this creates a highly efficient wealth-building opportunity that is rarely available in today’s market.

Ellerslie is one of southwest Edmonton’s fastest-growing and most strategically positioned communities, benefiting from its proximity to major employment hubs such as Edmonton International Airport and Nisku Industrial Park. The area offers seamless connectivity via Anthony Henday Drive and Highway 2, providing quick access across the city while maintaining a strong suburban residential appeal. This balance continues to attract a diverse tenant base, including working professionals, airport-related workforce, and families seeking affordability and convenience.

In addition to its prime location, the inclusion of 14,500 square feet of commercial space adds a significant advantage by providing diversified and stable income potential. Mixed-use assets in communities like Ellerslie are increasingly in demand, particularly when supported by essential service tenants such as daycare, retail, or professional services, further strengthening the long-term performance of the asset.

From a supply perspective, large-scale purpose-built rental developments with integrated commercial components remain limited in Ellerslie and the broader southwest corridor, especially relative to the pace of population growth and ongoing residential expansion. This imbalance supports strong occupancy levels and consistent rental growth. With its scale, efficient unit mix, and prime positioning within a high-growth community, this 106-unit mixed-use development presents a unique opportunity to acquire a high-performing, income-generating asset with strong fundamentals and long-term appreciation potential.