Sun River Estates | 5580 35 St
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Sun River Estates 5580 35 St
63 Unit Apartment Building $7,665,260 USD ($121,671 USD/Unit) Whitecourt, AB T7S 0G1
Investment Highlights
- Approximately 2.2 acres of excess land zoned for High Density Residential and plans to support 48-64 suites
- Immediate access to public transportation and located with five minutes of Whitecourt's downtown core
- Efficient suite layouts with large windows, balconies/patios and insuite washer & dryers
- Opportunity for the suites to be strata-titled and sold individually as the Alberta market continues to strengthen
Executive Summary
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.
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.
Property Facts
| Price | $7,665,260 USD | Apartment Style | Low Rise |
| Price Per Unit | $121,671 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 4.40 AC |
| No. Units | 63 | Building Size | 71,426 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2016 |
| Price | $7,665,260 USD |
| Price Per Unit | $121,671 USD |
| Sale Type | Investment |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 4.40 AC |
| Building Size | 71,426 SF |
| No. Stories | 3 |
| Year Built | 2016 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Package Service
- Smoke Free
- Elevator
- Maintenance on site
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zoning
| Zoning Code | R4 (High Density Residential) |
| R4 (High Density Residential) |
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Sun River Estates | 5580 35 St
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