12618 152nd Ave NW
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12618 152nd Ave NW
83 Unit Dormitory $11,725,479 USD ($141,271 USD/Unit) Edmonton, AB T5X 6B2
Investment Highlights
- The Property is located in the Castledowns area in North Edmonton. S
- Located nearby public transit.
- Surrounded primarily by single family homes, it is less than 2 kilometers from the Pembina retail node.
Executive Summary
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.
Property Facts
| Price | $11,725,479 USD | Building Class | B |
| Price Per Unit | $141,271 USD | Lot Size | 2.15 AC |
| Sale Type | Investment | Building Size | 95,332 SF |
| No. Units | 83 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Dormitory | Parking Ratio | 1.26/1,000 SF |
| Price | $11,725,479 USD |
| Price Per Unit | $141,271 USD |
| Sale Type | Investment |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | B |
| Lot Size | 2.15 AC |
| Building Size | 95,332 SF |
| No. Stories | 4 |
| Year Built | 1999 |
| Parking Ratio | 1.26/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 725 |
| 2+1 | 63 | - | 850 |
| 3+2 | 12 | - | 1,197 |
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zoning
| Zoning Code | DC2 (Direct Control) |
| DC2 (Direct Control) |
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12618 152nd Ave NW
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