Property Details

Address: 10609 - 79 Avenue, Edmonton, AB
Status: For Sale
Price: $1,678,800
Price Per Door: $139,900
No. of Units: 12
Cap Rate: 4.60%

Sprucewood Manor is a twelve suite apartment building located at 10609 - 79 Avenue in Edmonton, Alberta in the Queen Alexandra neighbourhood.

It is a two and a half storey low-rise, wood-frame construction building with balconies. It was built in 1977. Parking is surface and paved.

The suite mix is 9 one-bedroom suites, 1 two-bedrooom suite, and 2 three-bedroom suites.

Recent Renovations:
• 2010 - New 6’ x 10’ Balconies - $47,748
• 2016 - 2017 - Suite Upgrades
• 2020 - Resurfaced Parking Lot - $21,832

Neighbourhood

Queen Alexandra is a residential and commercial neighbourhood in Edmonton, Alberta. It is bounded by 82nd Avenue (Whyte Avenue), 109th Street, 104th Street and 70th Avenue. Surrounding neighborhoods include Garneau, Strathcona, Pleasantview, Parkallen and McKernan. According to Edmonton’s 2016 Municipal Census, the population of the Queen Alexandra is approximately 5,158 residents.

Whyte Avenue (82nd Avenue) and Old Strathcona are considered the entertainment and arts hub of Edmonton with an “old town” feel and rich array of boutiques, shops, restaurants and bars, as well as almost-weekly festivals and events in the summer.

Downtown is approximately a ten-minute drive and the University of Alberta is approximately a five-minute drive. Southgate Centre is approximately a ten-minute drive. Anchor tenants include Hudson’s Bay and Crate & Barrel and over 160 stores and services.

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