5580 35 St - Apartments FOR SALE


Whitecourt, AB T7S 0G1
$10,900,000 CAD
780-328-2560
5580 35 St, Whitecourt, AB for Sale
$10,900,000 CAD
Apartments - FOR SALE
1/6
null | Request Cap Rate

5580 35 St
Whitecourt, AB T7S 0G1


HIGHLIGHTS

  • Approximately 2.2 acres of excess land zoned for High Density Residential and plans to support 48-64 suites
  • Efficient suite layouts with large windows, balconies/patios and insuite washer & dryers
  • Immediate access to public transportation and located with five minutes of Whitecourt's downtown core
  • Opportunity for the suites to be strata-titled and sold individually as the Alberta market continues to strengthen

OVERVIEW

JLL Alberta Multifamily has been retained by the Vendor on an exclusive basis to arrange for the sale of Sun River Estates (the “Property”), an excellent opportunity to acquire a turnkey luxury rental apartment complex and shovel ready development land located in Whitecourt, Alberta, approximately 1.5 hours northwest of the City of Edmonton. Sun River Estates is comprised of two, three-storey apartment buildings consisting of a desirable mix of one, two, and three-bedroom suites totalling 63 suites. The Property also includes approximately 2.2 acres of zoned, serviced, graded, and shovel ready development lands adjacent to the existing buildings. Sun River Estates is being sold with an Asking Price of $10,900,000. For more information, please contact the Transaction Advisors.

FOR SALE DETAILS

PRICE

$10,900,000 CAD

PRICE/SF

$153 CAD /SF

# OF UNITS

63

PRICE/UNIT

$173,016

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sun River Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.4 AC

LAND SF

191,664 SF

ZONING

R4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Samuel DeanJLLMore Info
780-328-2560

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Samuel DeanJLLMore Info
780-328-2560

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