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

Floors

14 floors

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.