12618 152nd Ave NW - Dormitory FOR SALE


Edmonton, AB T5X 6B2- North
$16,950,000 CAD
780-540-5421
12618 152nd Ave NW, Edmonton, AB for Sale
$16,950,000 CAD
Dormitory - FOR SALE
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null | Request Cap Rate

12618 152nd Ave NW
Edmonton, AB T5X 6B2
North


HIGHLIGHTS

  • The Property is located in the Castledowns area in North Edmonton. S
  • Surrounded primarily by single family homes, it is less than 2 kilometers from the Pembina retail node.
  • Located nearby public transit.

OVERVIEW

The Property presents the opportunity to acquire a rare vintage condominium. Situated in northeast Edmonton, the area has historically been under supplied for newer updated rental product. The Property features in-suite laundry, open concept kitchens, large outdoor balcony or patio space and a mix of partially and fully renovated units. Acquiring individually titled units also results in lower property taxes. Roof was re-shingled in two phases in 2016 and 2018. Hot water risers and recirculation lines replaced in 2015. Hot water tanks replaced in 2015 and 2018.

FOR SALE DETAILS

PRICE

$16,950,000 CAD

PRICE/SF

$178 CAD /SF

# OF UNITS

83

PRICE/UNIT

$204,217

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1999

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

DC2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Amit GroverAvison YoungMore Info
780-540-5421

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Amit GroverAvison YoungMore Info
780-540-5421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.