4203 107 Street Northwest, Edmonton, AB, T6J 2W8, CA

Southwood Arms

Asset description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) has been exclusively retained to offer for sale a 100% freehold interest in Southwood Arms located at 4203 – 107 Street NW, Edmonton, Alberta (the “Property”). Southwood Arms presents the opportunity to acquire 64 residential rental suites in South Edmonton.

The Property is being offered with a list price of $10,560,000 ($165,000 per suite). The Vendor reserves the right to set an offer date. The Property is available to prospective purchasers free and clear of any financial encumbrances.

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Attributes

Units

Occupancy

100%

Year built

1978

Building area net

8,506 sm

Zoning

Medium Scale Residential (RM h16)

Media

Investment highlights

Value-Add Opportunity There is an opportunity to increase rental rates through a property/suite renovation program, as a limited number of suites have been recently renovated.
Rental Upside Potential Rents within the Property are currently below market, and there is 7% of upside available upon renewals and turnovers.
Desirable Location Southwood Arms is located in the desirable area of Rideau Park, and benefits from access to an abundance of services and amenities, and major arterial roadways.
Attractive Suite Mix The Property has a desirable mix of bachelor, one, two, and three-bedroom suites.