Signature Place_Property for Sale
Signature Place_Property for Sale
10145 121 Street Northwest, Edmonton, AB, T5N 1K5, CA

Signature Place

Asset Description

Signature Place (the “Property”) presents the opportunity to acquire a premium 14-storey, concrete high-rise apartment building containing 158 residential rental suites near Downtown Edmonton.


The Property is ideally located in the amenity-rich and desirable neighbourhood of Oliver, one of the most desirable, sought-after communities in the city. The Property consists of 158 suites, with a breakdown of 52 bachelor suites, 79 one-bedroom suites, and 27 two-bedroom suites. Building amenities include on-site laundry, fitness centre, tenant social room, storage lockers, surveillance cameras and key fob access.

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Attributes

Number of floors
14 floors
Number of units
158 units
Year built
1963
Parking spaces
130

Media

Investment Highlights

  • Well-Connected Community Adjacent to the Downtown Core - Proximity to a wide range of amenities, including an abundance of restaurants, cafes, pubs, entertainment venues, and boutique shops.


  • Central Location Near Universities & Major Employment Hubs - The Property is within proximity to numerous major employment centers such as the Central Business District, hospitals, post-secondary institutions, and retail centers.


  • Strong Edmonton Market Fundamentals - The Edmonton multifamily market is currently experiencing significant upward pressure with record breaking population growth.


  • High Quality Building with a Desirable Suite Mix - Containing a desirable mix of bachelor, one-, and two-bedroom suites, which range in size from 467 to 955 SF. 


  • Rental Upside Available - Continuing on with the suite renovation program will allow a new owner to further distinguish the Property and drive additional rent premiums.


  • Institutionally Owned & Managed - Signature Place has been institutionally owned and managed since 1998.


  • CMHC MLI Select Candidate - Signature Place is an ideal candidate for the new CMHC MLI Select debt program.
Signature Place 4_Property for Sale
Signature Place 4_Property for Sale

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Last updated
15 Mar 2024