Laurent at Laurel

2404 - 16 Avenue SW, Edmonton, AB

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For Sale

Property Details

  • Property Type: Multifamily - Mixed Use
  • Site Size: 4.12 Acres
  • Residential Units: 171
  • Zoning: Medium Scale Residential (RM h16)
  • Commercial Bays: 10 (24,000 SF)
  • Year Built: 2024/2025
  • Parking: 64 Underground / 197 Surface Stalls
  • List Price: Contact for Pricing

Location Overview

The Property is located in the Laurel community of Southeast Edmonton. This area is within The Meadows subdivision, which provides newly constructed recreational, commercial and outdoor amenities. In close proximity is Svend Hansen School (K-9) and the newly opened Dr. Francis Whiskeyjack High School. Another K-9 school is under construction in Aster.

Other essential amenities include the Meadows Recreation Centre, Edmonton Public Library, and an ETS Transit Centre. The nearby retail developments of Market at The Meadows and Tamarack Common are only 1km north of the property. These are anchored by Save-On-Foods, Shoppers Drug Mart, FreshCo and Dollarama.

The Meadows remains one of the only subdivisions within the Anthony Henday Ring Road remaining to be built out. The Property is only a 2 minute drive from Anthony Henday Drive and 10 minutes from Whitemud Drive.

Investment Highlights

Sought After Location

Situated in the community of the Meadows (Laurel), a fastgrowing southeast neighborhood that offers the luxury of suburban living with the convenience of nearby urban amenities. Within a 5 minute drive from 250,000 SF of commercial space.

Ideal Suite Mix

1 and 2 bedroom units, with 73% being larger 2 bedrooms averaging 828 SF of living space. Ideal for the family oriented neighborhood of Laurel.
Efficient Mechanical Systems

Minimal landlord utility burden. Centralized forced air heating and cooling via split system throughout the suites and each of the bedrooms. All units also contain a domestic hot water tank. This system has a higher initial cost of installation, but provides long-term savings on energy bills.

Strong Rental Demand

With Southeast Edmonton experiencing high in-migration and limited rental supply, the Property is poised to attain a quick lease up as the summer season approaches. In Q4 of 2024, this sub-market experienced the lowest average vacancy in Edmonton at 2.9%.

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Laurent at Laurel Brochure

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