10651 106 Street, Edmonton, AB, T6R 1C8, CA

Lexus Manor

Asset description

JLL Alberta Multifamily has been retained by the Vendor on an exclusive basis to arrange for the sale of Lexus Manor located at 10651 – 106 Street NW, Edmonton, Alberta (the “Property”). Lexus Manor is an exceptionally well-maintained, 12-suite apartment building located in the mature neighbourhood of Central McDougall.

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Attributes

Floors

Units

Year built

1960

Asking price

¥113,842,000

Media

Investment highlights

Immediate Access to Core Amenities - Ideally located north of downtown Edmonton and has access to core amenities including award-winning restaurants, boutique shops, post-secondary institutions, and essential services.

Value-Add Opportunity - Room for further suite improvements, which in turn could lead to increased rents and value. A new boiler was installed at the Property in 2015, and a number of the suites have been renovated with new vinyl plank flooring.

Proximity to Public Transit - An eight-minute walk to MacEwan Light Rail Transit (LRT) Station and an 11-minute walk to Kingsway/Royal Alex LRT station, both providing direct access to the University of Alberta, Southgate Centre, Northern Alberta Institute of Technology (NAIT), and other areas of the city. There are also numerous bus stops nearby.