For Sale $1,750,000
Property Type Other
Property Size 8,700 SF
Units 12
Additional Rent Contact for pricing
Date Updated Dec 18, 2024

Located in Beverly Heights, the Property provides great accessibility to a multitude of schools, river valley parks and retail amenities. A total of 4 schools are within just a 700 m radius of the Property, including Ivor Dent Public School that opened in 2017 to service the growing community.

The Rundle Heights neighbourhood is known for its proximity to the River Valley and the popular Rundle Park, the Property’s namesake. Within a 10-minute walk from the Property, Rundle Park is home to the ACT Aquatic and Recreation Centre and several outdoor activities such as a golf course, baseball diamonds, soccer fields and a paddling centre.

The Property is within walking distance to one of Central Edmonton’s largest employment and retail nodes. The Riverview Crossing shopping centre is found only 500 m away and contains a public library, pharmacy, convenience and discount stores. This area along 118 Ave is also anchored by No Frills Grocery store and holds fast food options such as Diary Queen and KFC.

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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.
Valuable Amenities Nearby
The Property is within walking distance to numerous amenitites including rundle park, and the major retail corridor along 118 avenue with restaurants, grocery stores and family services. Its central location ensures convenience and connectivity, with major transit routes and thoroughfares just minutes away.
Ideal CMHC Candidate
The Property is an excellent CMHC MLI Select candidate, allowing for low equity requirements and reduced debt payments, resulting in enhanced cash flow potential.
Excess Land
The Property sits on 0.38 acre of land and holds great potential for future development allowing for a total of 30 units.