Brass III Multifamily Site
10521 - 78 Avenue NW, Edmonton, AB
For Sale
Property details
- Property Type: Land - Multifamily
- Size (SF): 21,730
- Zoning: RM h23.0
- Sale Price: $2,500,000 CAD
Location Overview
Queen Alexandra is a central Edmonton community that is in close proximity to multiple schools, popular entertainment and shopping on Whyte Avenue and the busy University of Alberta campus. The University of Alberta currently has over 40,000 students and is projecting growth of 35% in the next ten years. Queen Alexandra has many older rental options which have very low historical vacancy. New rental options have been constructed in recent years, with great success in leasing velocity and strong rental rates.
Investment Highlights
Queen Alexandra and surrounding communities will see a population growth of up to 10% in the next 2 years, driven by student growth at the University of Alberta
This area of Edmonton has a strong history of multifamily housing with low vacancy rates of around 1.2%
Site is within a 2-minute walk to Whyte Avenue, providing over 370 storefronts and 1.2 million SF of commercial space
