The Crawford Plains project is an eight-unit purpose-built rental in south Edmonton — eight units across two identical back-to-back townhome buildings. The build is complete and it is now pre-leasing before closing, with professional property management already marketing the units. Its interior specification is the refined second iteration of the standard set by our Inglewood 9-plex, and at financing it was independently appraised $100,000 above its purchase price by an AACI-designated appraiser. This case study walks through what a finished, pre-leasing 8-plex actually looks like, unit by unit and document by document.
Most multi-family marketing shows you renderings. This article does the opposite: it walks through a building that is finished, appraised, and already being leased — the Crawford Plains 8-plex in south Edmonton, complete and now pre-leasing before closing. If you are evaluating a package in our current inventory, this is the most concrete preview available of what you would be buying: not a concept, but the standard our projects are actually built to.
The Building: Eight Units, Purpose-Built From the Foundation Up
Crawford Plains is a purpose-built rental — designed as an income asset from the first drawing, not a house adapted into one. The eight units are organized in the two-tier structure our buildings use: two upper suites paired with lower suites, each unit fully self-contained. That structure matters for more than layout. Purpose-built construction is what qualifies these projects for CMHC MLI Select in the first place, and it is what appraisers and lenders treat as institutional-grade rental product rather than an improvised conversion.
The neighbourhood does quiet work too. Crawford Plains is an established community in south Edmonton — existing amenities, schools, and transit, with the tenant demand profile of a mature area rather than a speculative edge-of-city bet. It is the same neighbourhood logic that runs through our whole track record.
The Iteration Story: What Inglewood Taught Us
Our Inglewood 9-plex set the original interior standard. Crawford Plains is the second iteration — the version where the lessons carried forward got fed back into the specification. The interior finish package was upgraded and refined from the Inglewood standard: the choices that proved durable and leasable stayed, and the details that could be better were revised.
That iteration loop is the point of buying from a builder-led program rather than a one-off project. Each building becomes the quality-control baseline for the next one, and buyers of later projects inherit the accumulated refinements without paying a prototype's learning curve.
The Appraisal: +$100,000 at Completion
At financing in 2025, the project was valued by an AACI-designated appraiser in an as-if-complete appraisal — the independent valuation a lender relies on to advance mortgage funds. The conclusion: $100,000 above the purchase price.
We publish the delta rather than the underlying figures, out of respect for the buyer's privacy — but the meaning of the delta is straightforward. An independent professional, working for the lender's file, concluded that the buyer had contracted the asset below its market value at completion. That result is not unique to this building: every project we have delivered has appraised above its purchase price, a pattern we break down fully in our appraisal track record analysis.
A finished project's appraisal is the closest thing a prospective buyer gets to third-party evidence about a builder's pricing discipline. Crawford Plains was priced during construction, built to standard, and independently valued above its contract price — the same process now running on the packages in our current inventory.
Managed Before You Close, Not Just Finished
A finished building is not the finish line. Crawford Plains already has professional property management engaged and marketing the units before closing — the operational layer that turns a finished structure into a functioning income asset. For an out-of-province investor, this is the difference between owning an Edmonton building and running one: leasing, tenant relations, and day-to-day operations are handled by a professional manager, not you.
That is the operating model across our program, and it is why investors in Ontario and BC can hold Edmonton multi-family without relocating their lives to do it.
See It for Yourself: The Tour and the Gallery
Because the building is finished, you do not have to take any of this on description. The Crawford Plains project page hosts a full 3D iGuide virtual tour — walk the actual suites room by room — alongside a 53-photo gallery of the finished interiors and exterior. Ten minutes there will tell you more about the finished standard than any specification sheet.
Open the 3D tour and the 53-photo gallery on the Crawford Plains project page — the finished standard, exactly as built.
View the Crawford Plains ProjectWhat This Demonstrates for Buyers of Current Packages
If you are underwriting a package from our active inventory, Crawford Plains answers the three questions a rendering never can:
- Does the finished product match the promise? The building exists, is photographed in full, and is walkable by 3D tour — the standard you can hold the next project to.
- Does the pricing hold up to independent scrutiny? An AACI appraisal at financing concluded value $100,000 above the purchase price, consistent with every project before it.
- Is it an investment or a second job? Professional management is already engaged, marketing the units before closing.
Model the financing structure on a current asset — deposit, DSCR, cash flow, 5-year projection — with our free MLI Select pro-forma calculator.
The Bottom Line
Eight purpose-built units — two identical back-to-back townhome buildings — in an established south Edmonton neighbourhood. An interior standard refined from the building that came before it. An independent as-if-complete appraisal $100,000 above purchase price. A finished build now pre-leasing before closing, with management already engaged. That is the benchmark every package currently in inventory is being built toward.
Want the Next One?
Book a 30-minute discovery call and we will walk you through current packages, the full pro-forma, and how the Crawford Plains standard applies to what is available now. No cost, no obligation.
Book Your Discovery Call