Castell Apartments (Fasttrack Portfolio)
11203 132 Avenue NW, Edmonton, AB
For Sale
Property Details
- Property Type: Multifamily/Walk Up
- Site Size: 0.42 Acres
- Units: 16
- Storage: 8 Storage Units
- Zoning: Medium Scale Residential (RM h16)
- Parking: Surface
- Listing Price: $2,352,000 ($147,000/unit)
- Year Built: 1978
Location Overview
Located in Lauderdale, the Property is surrounded by green spaces with multiple schools and a recreational facility nearby. The Property is cornered by two large parks, Rosslyn Park and Grand Trunk Park. The parks provide residents with plenty of green space and amenities including Grand Trunk Fitness & Leisure Centre, sports fields, tennis courts and a large offleash dog park.
Three elementary schools and two catholic schools are located within 1 km of the Property. The large transit and retail hub of Northgate Mall and North Town Centre is 5 minute drive away, this is anchored by Walmart, London Drugs and T&T Supermarket. Northgate Mall provides banking, pharmacy, physio and health services as well as multiple fast food options.
Investment Highlights
Part of a 3 property portfolio
This asset is included in the Fastrrack Portfolio of 3 multifamily properties in central Edmonton. The Properties may be acquired individually, in combination, or as a complete Portfolio.
Attractive Suite Mix
63% of the suite mix is comprised of one and two-bedroom suites catering to the area’s demographic of families, couples and young professionals.
Major Capital Improvements
Nearly all capital improvements completed including, siding and exterior, balconies, windows, roof, mechanicals, and common areas.
Ideal Commuting Location
Located along 132 Avenue, the Property offers great connectivity with public transit at its doorstep and the Yellowhead freeway just 7 km south. Its prime location across from Grand Trunk Park and Rosslyn Park adds to tenant appeal, combining convenience with access to green spaces.
