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

Property Information:

Completed in 2021, this exceptional purpose-built multi-family residential property presents a rare opportunity to acquire a modern, institutional-quality asset in the highly sought-after Parkdale neighbourhood. Designed to meet the growing demand for upscale urban living, the building offers 55,058 square feet of rentable residential area across a well-balanced mix of thoughtfully designed suites.The property features a total of 78 residential units, including:6 Bachelor (Studio) units60 One-Bedroom units6 Two-Bedroom units6 Three-Bedroom unitsBuilt with contemporary architecture, premium finishes, and efficient building systems, the property is designed to provide long-term operational efficiency while delivering an exceptional living experience for residents.The building also offers 39 on-site parking stalls, consisting of 13 surface parking stalls and 26 secure underground parking stalls, providing ample parking for residents and visitors.Prime Parkdale Location!Located in the prestigious community of Parkdale, the property benefits from one of Edmontons most desirable residential addresses. Renowned for its tree-lined streets, upscale homes, and established character, Parkdale is now considered one of the citys premier neighbourhoods. Its central location offers convenient access downtown Edmonton, major employment centres, LRT transit, and an extensive network of parks and recreational amenities.The community attracts professionals, academics, and families seeking a sophisticated urban lifestyle with the convenience of nearby amenities, boutique shopping, dining, and excellent connectivity. Parkallens enduring reputation, strong demographics, and limited supply of newer rental housing continue to support robust tenant demand and long-term investment stability.This is a rare opportunity to acquire a recently constructed, high-quality multi-family asset in one of Edmontons most established and prestigious residential communities, offering investors immediate income, strong occupancy potential, and long-term capital appreciation. (id:7525)