Slate Residences
Edmonton, Alberta
Building
Stats
- Property Type Multifamily - Mid-Rise
- Building size (SF) 122,094
Overview
Slate Residences is made up of 2 newly finished and purpose-built luxury rental apartment buildings. The buildings are five floors each, with the main floors reserved for 12 spaces of commercial leasing, and the remaining floors above containing 104 units of luxury living. These are split into 25 1-bedroom, 1-bath and 79 2-bedroom, 2-bath suite options for residents.
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.
