York Manor

8516 - 99 Street Edmonton, AB

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For Sale

Property details

  • Property Type: Multifamily - Low-Rise/Garden
  • Structure: Concrete Frame
  • Year Built: 1969
  • Site Size: 0.34 Acres
  • Units: 26
  • Price: $4,000,000 CAD

Location Overview

Situated in an AAA location, the Property is located along 99th Street in the south-central community of Strathcona. Located 450 meters from Whyte Avenue, the shopping district provides over 1.2 million square feet of retail space and is home to a diverse array of shops, restaurants, cafes, and nightlife venues, making it a popular destination for both locals and tourists.

Located 2 kilometers from the University of Alberta North Campus (the “U of A”), the Property is within walking distance to the U of A and University of Alberta Hospital. The U of A has recently announces its 2023 Strategic Plan which charts a course of action to expand enrollment from 44,000 students to 60,000 within the next decade. The U of A’s aggressive growth plan and financial restrictions have increased the dependency on third-party development to meet the housing needs of students. The economic issues of inflation coupled with exorbitant migration have instigated a push for affordable and centralized housing. With over 100,000 people having migrated to Alberta since 2022, Edmonton’s affordable, central communities are the landing grounds for a majority of these new migrants. The Property’s strategic location provides limitless potential for rental growth. As of January 2024, Strathcona’s average vacancy rate stands at 1.9%, highlighting the area’s resilience and consistent appeal to renters. This stability ensures higher yields for property owners and investors.

Investment Highlights

Significant potential for immediate rental upside given the property's strong historical occupancy and location.

Situated within 500m from Whyte Avenue providing immediate access to restaurants, coffee shops, boutique retail and entertainment.
The site is zoned RM h23 offering great future development potential.

The Property has been self-managed for over 10-years and meticulously maintained and operated.

Brochure

York Manor Brochure.pdf

Edmonton Multifamily Team

Brandon Imada

Vice President
Avison Young
+1 780 668 3750

Amit Grover

Principal
Avison Young
+1 780 953 1735

Jandip Deol

Principal
Avison Young
+1 780 278 2791

Tracy Olmos

Associate
Avison Young
+1 780 288 0322

Brannon Guenette

Client Services Coordinator
Avison Young
+1 587 400 9899

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