The Deks on 6th
9747 - 106 Street NW, Edmonton, AB
For Sale
Property Details
- Property Type: Multifamily - Mid-Rise Tower
- Neighbourhood: Downtown
- Suites: 34
- Zoning: Residential Mixed Use (RMU)
- Parking: Surface & Underground (32 stalls)
- Year Built: 1969
- Asking Price: Market
- Structure: Concrete
Property Overview
The Deks on 6th (the “Property”) is a unique asset located on the 106th Street hill in downtown Edmonton. This 9-storey concrete tower was built in 1969 and sits on 0.27 acres. The Property holds a total of 34 strata titled units, with a mix of 1 two-bedroom and 33 one-bedroom suites.
The building contains 1 elevator, shared laundry services and a large rooftop patio with views of downtown and the river valley. The parking structure behind the building holds 16 surface parking stalls above and 16 underground stalls below with alleyway access.
The Property enjoys views of the river valley, downtown, and Alberta Legislature Grounds, while also being walking distance to all the shopping, dining, and entertainment perks of downtown living.
Investment Highlights
Downtown Location & Views
Entertainment, dining and shopping are all close by, with Jasper Ave and 109th Street only a 10-minute walk from the Property, this area is a social hub in downtown Edmonton with popular restaurants and shopping plazas with grocery, personal services and boutique stores. Many units enjoy full or partial views of downtown and the river valley.
Maintained & Renovated Asset
The Property experiences regular service on its mechanical systems and timely repairs to building items as needed. Many suites have received modern flooring, paint and fixtures, with several having full kitchen remodels, including the addition of dishwashers in 14 units.
Rental Up-Side Opportunity
Based on a survey of other vintage concrete apartments in the area, the Property is renting at below market rates and has room for immediate rental up-side for its one and two bedroom units.
Security & Monitoring
The Property has 24hr video surveillance at all access points and in the underground garage. Entrances have been upgraded to secure keyless entry with an intercom system.
