Castledowns Pointe

12618 152 Avenue Northwest, Edmonton, AB 562

  • For Sale $16,950,000
  • Property Type Other
  • Units 83
  • Additional Rent Contact for pricing
  • Date Updated Dec 12, 2024

The Property is located in the Castledowns area in

North Edmonton. Surrounded primarily by single family homes, it is less than 2 kilometers from the Pembina retail node, which includes Palisades Shopping Centre, North City Centre, and Skyview Centre, totaling over 1.25 million SF of commercial space. The increasing demand for new multifamily products in the Northwest region continues to compress vacancy to a historical market low. Currently, Edmonton’s Northwest submarket has limited rental product. As demand continues to outpace new rental supply, vacancy rates have decreased by 1.0% from Q4 2022 to Q4 2023 in the Castledowns region. Demand and value for affordable rental products are expected to increase as new migrants continue to enter Edmonton, putting upward pressure on rental rates. In Q4 2023, the Northwest experienced the largest quarterly rental rate increase at 8% to $1.95 PSF.

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Highlights

  • Castledowns is revered as one of the strongest rental markets in Edmonton. Few areas present a greater gap of updated/renovated apartment options.
  • The Property has little competition as few apartment complexes were constructed in the 1990s and 2000s.
  • The best use of the site is utilizing the existing apartment project. However, the site totals 2.15 acres of DC2 land, which provides a reasonable starting point for future development
  • At list price the cost per square foot is $230, far below the current cost of new multifamily construction (roughly $310/SF).

Contacts

broker
Jandip Deol

Avison Young

broker
Amit Grover

Avison Young

broker
Brandon Imada

Avison Young

broker
Tracy Olmos

Avison Young

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Transit Score ®

    43/100 Some Transit

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Edmonton, AB
  • Neighborhood Baranow
  • Postal Code 562

Points of Interest

  • Edmonton

    2.59 miles

  • Blatchford Gate

    2.96 miles

  • Blatchford Gate station

    2.96 miles

  • NAIT/Blatchford Market

    3.61 miles

  • Kingsway/Royal Alex

    4.33 miles

  • Belvedere

    4.79 miles

  • Churchill

    5.35 miles

  • 102 Street

    5.37 miles

  • Corona

    5.41 miles

  • Jasper Plaza

    5.44 miles

  • Petro-Canada

    0.04 miles

  • Shell

    0.08 miles

  • Your Spot

    0.49 miles

  • 7-Eleven

    0.85 miles

  • Co-op

    0.94 miles

  • Mobil

    1.12 miles

  • FreshCo

    1.13 miles

  • Elfasdi's Gas

    1.58 miles

  • Edmonton Public Library

    1.77 miles

  • FLO

    6.87 miles

  • No Frills Parking Lot

    2.03 miles

  • Eaux Claires Park and Ride

    2.13 miles

  • OEM Remanufacturing parking lot

    2.49 miles

  • Police Seized Vehicle Storage Lot

    2.57 miles

  • O'Leary Parking Lot

    3.12 miles

  • Glengarry Arena Parking

    3.18 miles

  • A/B Parkade

    3.40 miles

  • M Parkade

    3.59 miles

  • Kilkenny Community League Carpark

    3.73 miles

  • Alberta Motor Association

    3.92 miles

  • etoys house

    1.09 miles

  • Hampton Inn & Suites

    1.90 miles

  • Fairfield Inn & Suites

    2.17 miles

  • Rosslyn Inn & Suites

    2.30 miles

  • Chateau Nova

    2.48 miles

  • Sleep Inn

    3.25 miles

  • Chateau Nova Hotel & Suites

    3.25 miles

  • Edmonton Inn

    3.33 miles

  • Ramada

    3.35 miles

  • Chateau Louis

    3.50 miles

  • Pizza 73

    0.03 miles

  • Eddie's Donair

    0.04 miles

  • Original Joe's

    0.08 miles

  • Subway

    0.08 miles

  • Church's Chicken

    0.08 miles

  • Cosmic Pizza & Donair

    0.08 miles

  • Amore Pasta

    0.09 miles

  • PitaBake

    0.11 miles

  • IHOP

    0.12 miles

  • Jomaa's Pizza & Donair

    0.15 miles

  • Katherine Therrien Catholic School

    0.59 miles

  • Edmonton Islamic Acadamy

    0.60 miles

  • Dunluce Elementary School

    0.69 miles

  • Caernarvon School

    0.71 miles

  • St. Lucy Catholic School

    0.77 miles

  • Elizabeth Finch School

    0.89 miles

  • Hilwie Hamdon School

    0.93 miles

  • Carslie

    0.95 miles

  • École Bishop Savaryn Catholic School

    1.37 miles

  • McArthur Elementary School

    1.39 miles

  • Kidzone Daycare

    1.03 miles

  • Roots Childcare Centre

    1.19 miles

  • The Masterminds

    2.14 miles

  • The Learning Experience Daycare And Afterschool Programs LTD.

    2.52 miles

  • The Learning Seed Daycare

    2.52 miles

  • Glengarry Child Care Society

    3.04 miles

  • Creative Kidz Daycare & Afterschool

    3.34 miles

  • Curious Learners

    4.01 miles

  • Eduplay Academy Daycare & Out of School Care

    4.51 miles

  • McCauley Community Daycare

    4.77 miles

Frequently Asked Questions

How much does Castledowns Pointe cost?

The space currently listed for sale at Castledowns Pointe asks for $16,950,000.

What is the total square footage of Castledowns Pointe?

Castledowns Pointe totals 6,875 square feet.

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Contact Castledowns Pointe