Brand new, custom-built 5-plex offering a premier turnkey investment opportunity in Morinville! This high-quality property is designed for exceptional cash flow, featuring a total of 11 bedrooms & 11 bathrooms. The two expansive end units each offer a 3-bedroom upper level plus a separate entrance to a legal 1-bedroom, 1-bathroom basement suite, complete with independent utilities including two furnaces, meters, & electrical panels. The middle unit provides a private 3-bedroom, 2.5-bathroom layout with an unspoiled basement. The property includes 3 double attached garages & will be delivered completely turnkey with all appliances, full fencing, a maintenance-free deck, & landscaping. Enjoy the flexibility to live in one unit while renting the others or generate income from all five. Ideally located within walking distance to Downtown Morinville and just a 12-minute drive to St. Albert Costco & amenities, this is a rare chance to secure a sophisticated investment in a strategic location.
Data was last updated December 4, 2025 at 05:30 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$445,900
Min list price:
$215,000
Max list price:
$1,350,555
Avg days in system:
59
Min days in system:
1
Max days in system:
217
Avg price per sq.ft.:
$292.55
These statistics are generated based on the current listing's property type
and located in
Morinville. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on December 4, 2025 at 05:30 PM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.