11228 86 St NW, Edmonton, Alberta, T5B 3H8

Property Information:

Institutional-Quality Multi-Family Asset Near Edmontons Downtown CoreCompleted in 2024, this exceptional purpose-built multi-family residential property presents a rare opportunity to acquire a modern, institutional-quality asset in the rapidly evolving and highly accessible Parkdale neighborhood. Designed to capitalize on the soaring demand for modern urban rental living, the 6-story building offers 55,058 square feet of rentable residential area across a well-balanced, high-density suite mix. The property features a total of 78 residential units, including:6 Efficient Bachelor (Studio) units60 Spacious One-Bedroom units6 Two-Bedroom units6 Three-Bedroom unitsBuilt with contemporary architecture, premium finishes, in-suite laundry, and efficient modern building systems, the asset is engineered for low long-term operational costs while delivering an elevated living experience for residents. The property also includes 39 total parking stalls (consisting of 13 surface stalls and 26 secure underground stalls), providing a highly desirable parking-to-unit ratio for an transit-oriented development. Prime Transit-Oriented LocationSituated just minutes from downtown Edmonton, Stadium Plaza boasts an exceptional location that blends urban convenience with fantastic neighborhood amenities. Residents are a mere 5-minute walk from the Stadium LRT Station, offering seamless, traffic-free access to the Downtown Ice District, the University of Alberta, MacEwan University, NAIT, and the Royal Alexandra Hospital. The property is also steps away from the Commonwealth Recreation Centre and the scenic North Saskatchewan River Valley trail network. Driven by strong demographics—including young professionals, healthcare workers, and students—Parkdales strategic location and the limited supply of brand-new concrete/wood-hybrid rental housing ensure low vacancy rates and long-term investment stability. This is a premier opportunity to acquire a turn-key, recently constructed multi-family asset offering investors immediate cash flow, optimized rental upside, and strong long-term capital appreciation in one of Edmonton’s key growth corridors (id:7525)