Property Details

Address: 10146 - 121 Street, Edmonton, AB
Status: For Sale
Price: $3,000,000
Price Per Door: $176,470
No. of Units: 17
Cap Rate: 4.72%

Derwas Court is a seventeen suite apartment building located at 10146 - 121 Street in Edmonton, Alberta in the Oliver neighbourhood.

It is a three and a half storey low-rise, wood-frame construction building with balconies. It was built from 1913 - 1914. Parking is surface and paved.

All 17 suites are one-bedroom suites. Each suite has a fireplace in the living room, a formal dining room, a balcony, and a single bedroom.

Click here for a virtual tour.

Neighbourhood Information

Oliver is one of the oldest residential neighbourhoods in Edmonton, Alberta. The neighbourhood is bordered by 109th Street, 104th Avenue, 124th Street, and the Edmonton River Valley. Jasper Avenue is one of Edmonton’s major roads and runs east-west through Oliver.

According to Edmonton’s 2016 Municipal Census, the population of Oliver is approximately 18,123 residents.

Oliver is located immediately to the west of the downtown core and the High-Level Bridge and Groat Bridge give residents access to the south side of the river valley, including the University of Alberta, Whyte Avenue, and Old Strathcona.

There is significant commercial development in Oliver, including Oliver Square, which includes a Safeway, London Drugs, Staples, MEC, Winners, Starbucks, and McDonalds.

Historical Information

The Derwas Court Apartment Building was built from 1913-1914, and was planned to meet the demand for apartments in Edmonton’s pre-World War I boom economy. It was built for and owned by Mr. E. D. Baugh, but he lost ownership of the building in 1923 due to occupants being unable to pay rent during the war.

The Edmonton architect that designed the Derwas was Edward Collis Hopkins. It is a rectangular plan with a red brick facade. The main facade is divided into five bays by brick pilasters and contrasting window sills, with keystone treatments above each window. A set of double doors with a fanlight above marks the entrance vestibule, set below an arch distinguished by a contrasting keystone and voussoirs.

On each of the three storeys are four suites, each with a fireplace in the living room, a formal dining room, a balcony, and a single bedroom. The rather small kitchens and bathrooms are illuminated by light shafts. The Derwas Court Apartment Building is on the City of Edmonton’s Inventory of Historic Resources, meaning that it is eligible to be designated as a Municipal Historic Resource.


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