York Manor

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.