Roger Apartments (Fasttrack Portfolio)

12444 82 Street NW, Edmonton, AB

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For Sale

Property Details

  • Property Type: Multifamily/Walk Up
  • Site Size: 0.10 Acres
  • Units: 11
  • Parking: Surface
  • Zoning: Medium Scale Residential (RM h16)
  • Laundry: Shared
  • Listing Price: $1,300,000 ($118,182/unit)
  • Year Built: 1975

Location Overview

Located in Eastwood, the Property is close to several schools, retail corridors and major commuting routes through the city. St. Gerard Catholic school, Delton School and Eastwood School are all withing walking distance of the Property. The major high school for the area, Archbishop O’Leary, and its corresponding Fitness Centre are a 4 minute drive north along 82 Street. This street is also the location of several retail stores, health services and dining options such as Tim Hortons, McDonalds and TacoTime.

Major roads and public transportation routes are adjacent to the property, allowing for easy commuting and access to other areas of Edmonton. The Yellowhead Trail runs just North of the Property and is currently undergoing a large renovation to increase it’s accessibility. The Property also sits on a bus route with a stop infront of the building.

Investment Highlights

Part of a 3 property portfolio

This asset is included in the Fasttrack Portfolio of 3 multifamily properties in central Edmonton. The Properties may be acquired individually, in combination, or as a complete Portfolio.

Major Capital Improvements

Numerous capital improvements including; new parking lot, common area vinyl baseboards and casing, hot water tank, and fob security system.
Close to University Institutions

Located within a 10-minute drive of NAIT and MacEwan University, the Property’s one-bedroom suite mix is ideally suited for the student demographic, offering convenience and accessibility.

Immediate and Future Upside

Current in-place rents are 13% below market allowing for immediate rental growth. Further growth is available through suite renovations upon resident turnover.

Brochure

Fasttrack Portfolio Brochure

Edmonton Multifamily Team

Tracy Olmos

Tracy Olmos

Associate
Avison Young
+1 780 288 0322
Amit Grover

Amit Grover

Principal
Avison Young
+1 780 953 1735
Jandip Deol

Jandip Deol

Principal
Avison Young
+1 780 278 2791
Brandon Imada

Brandon Imada

Vice President
Avison Young
+1 780 668 3750
Brannon Guenette

Brannon Guenette

Client Services Coordinator
Avison Young
+1 587 400 9899

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