5425 144B Avenue Northwest, Edmonton, AB, T5A 3R6, CA

Huntington Place

Asset Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”, or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in Huntington Place located at 5425 – 144B Avenue NW in Edmonton, Alberta (the “Property”).

Huntington Place is a well-positioned multifamily asset strategically located in the Edmonton working-class neighbourhood of Casselman. The Property is favorably situated between McLeod Park and Casselman Park, near schools and other community/retail amenities. In 2014, the Property underwent a significant renovation that places it in top-of-market-position in terms of other rental offerings of similar age within the immediate trade area. Originally constructed in 1976, the property consists of 49 spacious two-bedroom suites.

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. Existing financing to be assumed. 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

Number of units

Occupancy

100%

Year built

1976

Land area gross

7,932 m²

Year renovated

2014

Media

Investment Highlights

Prime Location with Strong Market Fundamentals

Huntington Place in Northeast Edmonton offers an attractive investment opportunity due to its strategic location in the Casselman neighbourhood. The property's proximity to essential amenities, coupled with low vacancy rates and strong average rents, indicates potential for stable returns and value appreciation.

Recently Renovated Asset with Rental Upside Potential

Following a significant 2014 renovation, Huntington Place features spacious, well-appointed 2-bedroom suites with modern amenities. Current below-market rents present a substantial opportunity to increase rental income through strategic renewals and turnovers.

100% Two-Bedroom + 1.5 Bath Suites

Huntington Place is comprised of 49 two-bedroom suites with an average suite size of 1,082 sq. ft. The larger than average suite size provides a competitive advantage, higher rents, and attracts long-term tenants.

Attractive In-Place Financing

A Purchaser has the opportunity to assume substantially below market debt on the Property.

Strong Operating History & Stable Cash Flows

With a history of stable cash flows, high occupancy rates, and consistent rental growth, Huntington Place benefits from effective management and strong market positioning. Low turnover rates further underscore its appeal as a reliable asset.