780-328-2560
, Edmonton, AB for Sale
Multi-Family - FOR SALE
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Edmonton Multifamily Portfolio
Edmonton, AB


HIGHLIGHTS

  • Mix of 2 bachelor suites, 68 one-bedroom, 34 two-bedroom, and 6 three-bedroom, totalling 110 rental suites.
  • Rents at the Properties are currently below market, and there is overall 22% upside available across the Portfolio.
  • Excellent opportunity to renovate suites upon resident turnover to further increase average rental rates.
  • A rare opportunity that enables a potential purchaser to acquire a sizable interest in Edmonton’s multifamily market.
  • Each Property is located in an excellent location, with an abundance of amenities, transit, and arterial roadways nearby.

OVERVIEW

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in a portfolio comprised of four, low-rise multifamily properties totalling 110 residential rental suites in Edmonton, Alberta, referred to herein as Edmonton Multifamily Portfolio (collectively, the “Portfolio”, the “Properties”, or individually, the “Property”). The Properties for sale are as follows: Spanish Monarch: 9825 - 25 Avenue NW, Edmonton Cedarstone Place: 10152 - 158 Street NW, Edmonton Cedarstone Manor: 10130 - 159 Street NW, Edmonton Barrymore Apartments: 11042 - 128 Street NW, Edmonton Prospective Purchasers have the opportunity to acquire individual, multiple, or the Portfolio in its entirety. The Property may be acquired free and clear of existing financing, which allows prospective purchasers to source new debt in an attractive interest rate environment.

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.