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Investment signal

$4,900,000

162 ALMA STREET

Beds

Baths

21.7

Sqft

—

Year

—

Location

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About this home

This is a Brand New Multiplex being constructed. Consisting of 8 Units. The upper 6 units, (3 front & 3 back), are Appx. 1286 Square Feet each, 2 storey, 3 Bedrooms, 2.5 Bathrooms, fully independent metered utilities, full set of Stainless Steel Appliances, Separate Heating & Air Conditioning units and Instant Hot Water System as well as Individual Laundry Rooms. The Lower Floor consists of: 2 Separate Units: Appx. 653 Square Feet each, 1 Bedroom, 1 Bathroom, Full Kitchen and equipped with a full set of SS Appliances, Individual Heating & Air Conditioning units as well as Individual Laundry Facility and Instant Hot Water System. Also on the lower level is an Amenity room with a full Kitchen and a 2 pc bath. Located only 15-20 minutes from Guelph University. GO Bus at door. Public Transportation within a few minutes walk. All Units are carpet-free, Laminate & Tiles. This is a turnkey project with huge potential for the savy investor. This project is also approved for financing by CMHC. (id:65958)

Subtype: Multi-family
Structure: Other
Community: Rockwood
Lot dimensions: 100.3 x 132.2 FT
Bedrooms: 20 above grade
Parking: 14 total
On market: Mar 27, 2026
Status changed: Apr 16, 2026
Annual tax: $0
Photos: 3
MLS#: X12930108
Area: GUELPH/ERAMOSA_(ROCKWOOD)

Features and systems

Parking

No Garage

Basement

FinishedApartment in basementN/AN/A

Appliances

Water Heater - Tankless

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Stucco

Flooring

TileLaminate

Foundation

Poured Concrete

Lot

Conservation/green beltCarpet Free

Negative cash flow ~$9,225/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.30%

Cap rate

3.63%

GRM

16.7

Break-even rent

$34,210

Financing

Down payment$980,000

Loan amount$3,920,000

Mortgage$24,049/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$2,246

Insurance$80

Maintenance$4,083

CapEx reserve$2,042

Vacancy loss$1,225

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Guelph/Eramosa (Rockwood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $24,049/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.