Fasttrack Multifamily Portfolio
3 Properties - 39 Units
For Sale
Property Details
- Property Type: Walk-Ups
- Total Buildings: 3
- Total Land Area: 0.90 Acres
- Total Units 39
- Years Built: 1971-1978
- Zoning: Medium Scale Residential (RM h16)
- Parking: Surface
- Laundry: Shared
Location Overview
This portfolio of 3 existing multifamily buildings is located across central Edmonton. All 3 properties have close proximity to multiple schools and shopping amenities, while each also carry unique highlights from their locations within the city.
Castell Apartments is surrounded by green space including playgrounds, tennis courts and the Grand Trunk Fitness Centre. Roger Apartment's location is convenient for its quick access to the Yellowhead Trail and a bus route stop in front of the building. Rundle Apartments gets its name from being within walking distance of the popular Rundle Park and its multitude of outdoor activities and Aquatic Centre.
Investment Highlights
MLI Select Candidate and Future Rental Upside
The Properties are excellent candidates for CMHC MLI Select financing, supported by recent appraisals, inspections, and environmental reports, enabling a seamless application process for prospective purchasers.
Desirable Location
The Properties are well-located in desirable, amenity-rich communities, providing direct access to employment centers, public transportation, major retail corridors, and outdoor amenities, catering to a wide range of tenant needs.
Interior Renovations Completed
Across the Portfolio, the majority of units have undergone partial or full renovations, including new flooring, paint, trim, bathroom vanities, cabinets, and lighting.
Economies of Scale
The Properties are conveniently located within a 10-minute drive of one another allowing for economies of scale and management efficiencies.
