Entro Residential

Stony Plain, Alberta

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Building

Stats

  • Property Type Multifamily - Low-Rise/Garden
  • Building size (SF) 108,150
  • Size (Ac) 4.31
  • Price $28,252,000 CAD
  • Zoning R8 - High Density District

Overview

Entro Residential is located in the town of Stony Plain, a 40-minute drive from Edmonton’s downtown core. Stony Plain is located along the Trans-Canada Highway which forms part of the Port Alberta transportation hub. The town is home to a growing population with over 18,000 residents (2021). Stony Plain is ripe with opportunity with it’s focus on farming and expansion of Alberta’s energy and support service industry. Paired with the focus on Edmonton’s growth as an industrial hub, the affordable cost of living and abundance of job opportunities has resulted in a new wave of residents that find great appeal to living in the area. The Town of Stony Plain also boasts a higher than average median age compared to the rest of Alberta and is known for it’s larger population of seniors. This tenant demographic inherently provides additional yield stability.

The Property is within close proximity to amenities including restaurants, grocery, multiple schools, banks, and the local hospital. Stony Plain has over 1,000 active business licenses promoting the practice of supporting local businesses, fostering a strong and thriving local economy.

Highlights

The Property comes with 1.88 acres of excess land, zoned for high-density residential use. The land provides future redevelopment opportunities, maximizing long-term value.

Located in the fast-growing, secondary market of Stony Plain resulting in lower competition and predictable returns.

Nearly 70% of the tenant base is comprised of individuals over the age of 65 resulting in below average tenant turnover.
No new supply threats in the immediate area aside from the new Sunrise Vista development.

Rental rates continue to trend upwards as supply in the area for larger, high quality units remains low.

The Property is an excellent candidate for new CMHC MLI Select debt.

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

LOI Template - Same DD & Fin Condition.pdf

Entro Residential - Brochure.pdf

CA - Entro Residential (126 units).pdf

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