Brass III Multifamily Site

10521 - 78 Avenue NW, Edmonton, AB

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For Sale

Property details

  • Property Type: Land - Multifamily
  • Size (SF): 21,730
  • Zoning: RM h23.0
  • Sale Price: $2,500,000 CAD

Location Overview

Queen Alexandra is a central Edmonton community that is in close proximity to multiple schools, popular entertainment and shopping on Whyte Avenue and the busy University of Alberta campus. The University of Alberta currently has over 40,000 students and is projecting growth of 35% in the next ten years. Queen Alexandra has many older rental options which have very low historical vacancy. New rental options have been constructed in recent years, with great success in leasing velocity and strong rental rates.

Investment Highlights

Queen Alexandra and surrounding communities will see a population growth of up to 10% in the next 2 years, driven by student growth at the University of Alberta

This area of Edmonton has a strong history of multifamily housing with low vacancy rates of around 1.2%
Site is within a 2-minute walk to Whyte Avenue, providing over 370 storefronts and 1.2 million SF of commercial space

Brochure

Brass III Multifamily Site Brochure.pdf

Edmonton Multifamily Team

Jandip Deol

Principal
Avison Young
+1 780 278 2791

Amit Grover

Principal
Avison Young
+1 780 953 1735

Brandon Imada

Vice President
Avison Young
+1 780 668 3750

Tracy Olmos

Associate
Avison Young
+1 780 288 0322

Brannon Guenette

Client Services Coordinator
Avison Young
+1 587 400 9899

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