The Kensington

The Kensington is optimally located in the Central McDougall neighbourhood. Situated just off 109th Street, the property is just steps away from Grant MacEwan University, ICE District, NAIT, the Royal Alexandra Hospital, and NorQuest College. Residents have ample variety in their daily amenities - from educational facilities to retail and entertainment options. The downtown core has shown significant growth in amenity offerings leading to increased appeal for students and young professionals alike. An immutable advantage of the Kensington is it’s proximity to public transit, with the nearest LRT station only 8-minutes walking distance. The progress of the recent expansion of the LRT line (Valley Line) has encouraged those who’ve migrated and immigrated to gravitate towards transit convenient locales as accessibility to the corners of the city continue to grow.

Higher ownership costs and increasing migration continues to accelerate demand for rental housing. The greatest beneficiaries of the increased demand. Vacancy has continued to decline, decreasing by 1.4% from Q3 2022 to Q4 2022 (Zonda Urban, 2023). Value for existing rentals is expected to increase as decreasing vacancy rates put upward pressure on rental rates.