The Pointe at Cameron Heights
Edmonton, Alberta
Building
Stats
- Property Type Multifamily - Mid-Rise
- Building size (SF) 226,688
- Size (Ac) 212,449
- Price $69,250,000 CAD
Overview
The Property is situated in Cameron Heights, a neighbourhood with the highest median income in Edmonton at $231,596. The neighbourhood is bordered by the river valley, providing residents with scenic views and easy access to various walking trails and parks. Cameron Heights is within a 5-minute drive to several commercial centres totaling over 128,000 SF of retail space. The proximity to nature, convenience, and upscale living makes Cameron heights an ideal neighbourhood for professionals, families, and seniors.
Highlights
Large average suite size of 818 SF with 6% of units as one-bedrooms, 78% as two-bedrooms, and 16% as three-bedrooms.
Great MLI Select candidate, applications sent prior to March 1, 2024 will mandate only 25% of the units as affordable.
275 underground parking stalls & 75 surface stalls
Developed in phases from 2022 to 2023 and meticulously maintained by the highly experienced developer/owner
Current average in-place rents are 7% below the Southwest market average rental rate of $2.01 resulting in future rental upside upon tenant turnover.
