Slate Residences

811 Daniels Way SW, Edmonton, AB

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For Sale

Property Details

  • Property Type Multifamily - Mid-Rise
  • Building size (SF): 122,094
  • Commercial Units: 12 - 2,355 Avg SF
  • Residential Units: 104 - 898 Avg SF
  • Year Built: 2022
  • Structure: Wood Frame
  • Parking: Underground & Surface
  • Site Size: 2.25 Acres

Location Overview

The Property is located in the quickly developing Desrochers area of southwest Edmonton. The infrastructure along 41st Avenue SW has a focus on young families, with supporting education and outdoor spaces as priorities. Two large schools have been completed and one more is opening soon. St.Thomas Aquinas Elementary/Jr.High and Dr. Anne Anderson High School are both open and located within 1 kilometre of the Property, while Father Micheal McCaffery Catholic High School is set to open in Fall 2024. These schools have been created to accommodate over one thousand children each.

Desrochers has also seen several planned outdoor spaces completed: the sports fields surrounding each school, playgrounds and a man-made lake with walking paths.

The Property sits next to James Mowatt Trail, which connects to the Heritage Valley Town Centre via a 3-minute drive. This centre is planned to be the commercial hub for over 100,000 eventual residents of the Heritage Valley area. The 26-acre site is proposed to include a future hospital, LRT station and 300,000 SF of retail and commercial space. One phase has been completed as of today, it features fast food, a gas station, an Edmonton Public Library and is anchored by Superstore and Shoppers Drug Mart.

Investment Highlights

Suite mix is well balanced but has been catered to families with 76% being two-bedroom units

Immediate rental upside available upon turnover. Current rents per SF sit $0.62 below the average rates in southwest Edmonton.
The property has a strong operating history and enjoys minimal competition from new build luxury rentals in the area

Located in the fast developing and family focused community of Desrochers.

Downloads

Slate Residences Brochure

Edmonton Multifamily Team

Jandip Deol

Jandip Deol

Principal
Avison Young
+1 780 278 2791
Amit Grover

Amit Grover

Principal
Avison Young
+1 780 953 1735
Brandon Imada

Brandon Imada

Vice President
Avison Young
+1 780 668 3750
Tracy Olmos

Tracy Olmos

Associate
Avison Young
+1 780 288 0322
Brannon Guenette

Brannon Guenette

Client Services Coordinator
Avison Young
+1 587 400 9899

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