East Edmonton Multifamily Portfolio
3116 116A Avenue NW Edmonton , Alberta T5W 4W6

East Edmonton Multifamily Portfolio - multi-family for sale

11.15 ac
Multifamily Sale/Purchase
Contact us for price

Description

As the exclusive advisor, Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor” or “JLL Capital Markets”) is pleased to present a unique opportunity to acquire a 100% freehold interest in a multifamily portfolio of 282 suites, located in Edmonton, Alberta. The Portfolio is comprised of two institutional quality and stable cash-flowing complexes known as Northridge Estates (3116 - 116A Avenue) and Parkview Estates (700 East Parkview Estates) (the “Properties” or the “Portfolio”).

The Portfolio is comprised of two strategically located complexes with an ideal mix of 178 walk-up apartment and 104 townhome suites catering to their immediate neighbourhood demographics. The Properties are well-maintained, offering residents an attractive value proposition with built-in diversity. The Portfolio has benefited from institutional ownership and professional management. Northridge Estates is in excellent condition with significant capital recently injected and is positioned for rental rate growth. Parkview Estates presents an excellent opportunity for a prospective purchaser to implement a value-add strategy on suite turnover. 

The Properties can be acquired as a Portfolio or on an individual basis. The Portfolio is being offered for sale on an “as-is” basis with no asking price and no formal bid date. The Vendor reserves the right to call for offers at a future date.

No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser.

Documents and resources

East Edmonton Multifamily Portfolio - multi-family for sale

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