For Sale

Property Details

  • Property Type: Multifamily - Walk-up
  • Neighbourhood: Central McDougall
  • Unit Count: 30
  • Zoning: Medium Scale Residential (RM h23)
  • Year Built 1971
  • Structure: Wood Frame
  • Parking: Surface (31 Stalls)
  • List Price: $4,500,000 ($150,000/unit)

Location Overview

This property is conveniently and centrally located in Edmonton, sitting just north of the downtown core in the Central McDougall neighbourhood. Educational facilities and commercial space with retail and entertainment amenities are the major features of this location. Kingsway Mall is situated just 900 metres north of the property and provides around 1 million SF of commercial space with 174 stores and retail anchors such as Walmart, Hudson’s Bay and HomeSense. Additional retail, restaurants and top entertainment amenities are only 500 metres south of the property at Ice District, the largest mixed-use sports and entertainment district in Canada.

This location is ideal for working professionals and students due to its access to downtown’s employment sectors and its proximity to the MacEwan University and NAIT campuses. Both schools are already preparing for large student population growth in the near future. NAIT has plans to expand its campus to almost double the current size. MacEwan University is underway on the construction of a new building to house its School of Business program, and is expecting a 50% increase in its student population by 2030.

Investment Highlights

Downtown Amenities

Located near a host of popular amenities in downtown Edmonton such as ICE District, MacEwan University, Norquest College and Jasper Avenue. Only 900 meters from Kingsway Mall holding 174 retail stores

Expertly Maintained

The building has been meticulously cared for by the current owner, who privately manages the building and has closely curated the tenant list. The owner visits the property regularly and makes any necessary repairs.
Walkable and Transit Node

Within walking distance of all necessary amenities and transit options. Including several bus routes and the LRT station at Rogers Place/MacEwan University.

Future Rental Upside

Several units have undergone complete renovations, while the majority have received partial updates. Significant rental upside remains through additional unit upgrades and modernization.

Downloads

Vintage House Brochure

Edmonton Multifamily Team

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