Adam Apartments

4520 47 Street, Leduc, AB, T9E 6P6, CA

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in Adam Apartments located at 4520 – 47 Street in Leduc, Alberta (referred to herein as the “Property”).

Adam Apartments is located in Leduc’s Alexandra Park neighbourhood, a quiet, established residential area with quick access to restaurants, retail, and essential services. The Property is comprised of 18 residential rental suites, with a mix of one studio, 11 one-bedroom suites, and six two-bedroom suites. 61% of the suites (11 suites) have been renovated since 2021.

The Property is being offered with a list price of $2,720,000 ($151,000 per suite). The Property is available to prospective purchasers free and clear of any financial encumbrances. No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser.

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Attributes

Year built

1979

Land area gross

2,329 m²

Building area net

1,516 m²

Number of floors

Number of units

Asking price

€1,671,000

Media

Investment Highlights

Growing Employment & Diversified Economic Base: Leduc’s economy is anchored by two powerful employment hubs: the Edmonton International Airport and the Nisku Business Park, one of Canada’s largest industrial centres, creating thousands of jobs and opportunities in diverse industries.

Strategic Nexus of the Calgary-Edmonton Corridor: Leduc is strategically anchored on the QEII Highway, capturing consistent demand from the commercial flow and residential migration between Alberta’s two largest metropolitan areas, underpinning a uniquely resilient and stable economic outlook.

Poised to Capture Edmonton’s Southward Expansion: The City of Edmonton’s primary growth trajectory is directed south, placing Leduc directly in the path of metropolitan expansion, making it the primary beneficiary of the city’s growing population and continued infrastructure investments into the south.

Exceptional Demographic Fundamentals Driving Multifamily Demand: The Edmonton market is experiencing exceptional demographic momentum. As affordability and economic opportunities shift national population flows into the prairie regions, neighbouring spillover cities such as Leduc are benefiting from this trend.