Northgate Apartments

10646 - 102 Street NW, Edmonton, AB

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For Sale

Property details

  • Units: 12 1 Bedrooms
  • Year Built: 1962
  • Zoning RM h23
  • Site Size 7,496 SF
  • Sale Price: $1,380,000 ($115,000/Unit)

Location Overview

This property is conveniently and centrally located in Edmonton, sitting just north of the downtown core in the Central McDougall neighbourhood. Educational facilities and commercial space with retail and entertainment amenities are the major features of this location. Kingsway Mall is situated just 1.5 km north of the property and provides around 1 million SF of commercial space with 174 stores and retail anchors such as Walmart, Hudson’s Bay and HomeSense. Additional retail, restaurants and top entertainment are located only 500 metres south of the property at Ice District, the largest mixed-use sports and entertainment district in Canada.

This location is ideal for working professionals and students due to its access to downtown’s employment sectors and its proximity to both MacEwan University (1-minute drive) and NAIT (7-minute drive) campuses. Both schools are already preparing for large student population growth in the near future. NAIT has recently acquired land next to the current campus in the Blatchford area for plans to expand the campus to almost double its current size. MacEwan University has just broken ground on a new building to house its School of Business program and is expecting a 50% increase in its student population by 2030.

Investment Highlights

Building is fully leased with below market rents, great opportunity for increased rents going forward

Numerous building upgrades completed including: roof, common areas, and renovations to every unit
Excellent proximity to downtown core. Within 600 metres to retail centres, education facilities, and MacEwan LRT station.

Location Map

Brochure

Northgate Apartments Brochure

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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