We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
12342 131 ST NW
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
6
Baths
4
Sqft
1,620
Year
2023
Type
Single Family
On market
18d
Exceptional brand-new investment opportunity in a prime central Edmonton location offering 3 separate income generating suites! The main bungalow level features 3 spacious bedrooms, 2 full bathrooms & bright open concept living with soaring ceilings, vinyl plank flooring, AC & designer finishes throughout. The fully self-contained legal lower suite offers an additional 3 bedrooms, full bathroom plus stunning ensuite, OS window wells & impressive high-end finishings creating a bright welcoming space. Concrete sound barrier flooring minimizes noise transfer between units for enhanced comfort. A rear double detached garage is built to accommodate trucks with extra functional space, while the attached enclosed loft-style suite provides a rare 1 bed, 1.5 bath setup ideal for additional rental income, guests or multigenerational living. Maintenance free exterior building envelope, 2 AC units included & located close to downtown, transit routes & amenities. Rare turnkey opportunity with endless income potential! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 4 | — | |
| Second Kitchen | — | |
| Bedroom 5 | — | |
| Bedroom 6 | — | |
| Recreation room | — | |
| Storage | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | — | |
| Dining room | — | |
| Kitchen | — | |
| Primary Bedroom | — | |
| Bedroom 2 | — | |
| Bedroom 3 | — | |
| Laundry room | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.47%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,362
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 22, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Edmonton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.