Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) is pleased to present the opportunity to acquire Aspen Creek (the “Property” and/or “Offering”), a high quality, manufactured housing community comprised of 219 home sites, located in the City of Leduc, Alberta, Canada.

Leduc is nestled ten minutes south of the City of Edmonton and an approximately 30-minute drive from Edmonton’s downtown core. In addition, Leduc is approximately 2.5 hour drive north of the City of Calgary, Canada’s fourth largest metropolitan city.

Demand for manufactured housing continues to improve as new supply is limited. The asset class has experienced strong occupancy stability and rent growth. The compelling narrative created by favourable investment returns, and a growing need for affordable living options, results in Manufactured Housing Communities being a safe and stable asset class.

The Property is being offered with no list price and no formal bid date. The Vendor reserves the right to call for offers at a future date. All inquiries regarding the Property should be directed to the Advisors.

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Attributes

Number of units

219

Year built

2004

Land area gross

13.44 ha

Occupancy

100%

Media

Investment Highlights

The Offering represents a rare opportunity to acquire a Class-A, highly-amenitized, institutional MHC product in one of Alberta’s rapidly growing secondary markets.
Since 2021, Ownership has invested approximately $425K in capital expenditures.
The Property benefits from excellent connectivity, as the area is easily accessible via major roadways including Highway 2 and Highway 39.
Strong demand has placed upward pressure on market rents, and as a result, there is a rental rate upside on renewals and new leases.
Alberta manufactured housing communities benefit from stable demand, long resident tenure and limited new supply, which supports consistent occupancy and net operating income growth.
As of 2026, more than 116,000 low-income Albertans live in affordable housing with upwards of approximately 24,000 individuals on a waitlist. Manufactured homes can be an excellent and affordable way to enter into home ownership.
Residents of Aspen Creek enjoy unparalleled connectivity to major job and retail centers in Leduc County, as well as Edmonton.