Deerwood Place

Edmonton, Alberta

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Building

Stats

  • Property Type Multifamily - Low-Rise/Garden
  • Building size (SF) 120,000
  • Size (Ac) 1.88
  • Price $7,500,000 CAD

Overview

The Property is located in the mature neighborhood of Carlisle. Surrounded primarily by single-family homes, it also neighbors the Pembina retail node, which includes Palisades Shopping Centre, North City Centre, and Skyview Centre, totaling 1,258,868 SF of commercial space. The increasing demand for new multifamily products in the Northwest region continues to compress vacancy to a historical market low.

Currently, Edmonton’s Northwest submarket has limited rental product. As demand continues to outpace new rental supply, vacancy rates have decreased by 1.0% from Q4 2022 to Q4 2023 in the Castledown region. Demand and value for affordable rental products are expected to increase as new migrants continue to enter Edmonton, putting upward pressure on rent rates. In Q4 2023, the Northwest experienced the largest quarterly rental rate increase at 8% to $1.95 PSF.

Highlights

Three-building complex with an equal mix of walk-up and townhome style suites. Containing one, two and three bedroom options.

Property has been meticulously maintained throughout the years and has experienced minimal vacancy.
Situated adjacent to the Pembina retail node providing residents with 1,258,868 SF of commercial space.

Property includes 48 parking spots and 48 storage units benefitting family residents.

Location Map

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

Downloads

Deerwood Place (48 units) - Brochure.pdf

CA - Deerwood Place.pdf

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