Property Details

Address: 10640 - 103 Street, Edmonton, AB
Status: For Sale
Price: $1,170,000
Price Per Door: $130,000
No. of Units: 9
Cap Rate: 4.92%

Marquis Place is a nine suite apartment building located at 10640 - 103 Street in Edmonton, Alberta in the Central McDougall neighbourhood.

It is a two and a half storey low-rise, wood-frame construction building with balconies. It was built in 1961. Parking is surface and paved.

The suite mix is 1 bachelor suite and 8 one-bedroom suites. The upper units have vaulted ceilings. Recent upgrades include new balconies, insulation, siding, capped windows, new roof, new fence. The roof heating elements, suites and common areas have also been renovated.

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Neighbourhood

Central McDougall is a mixed residential and commercial neighborhood in Edmonton, Alberta. The neighborhood is bounded by 111th Avenue, 105th Avenue, 101st Street and 109th Street. Kingsway Avenue and 109th Street are two major roadways that run through the neighborhood. Surrounding neighborhoods include Queen Mary Park, McCauley, Downtown and Oliver. According to Edmonton’s 2016 Municipal Census, the population of Central McDougall is approximately 4,911 residents.

There are currently plans for new condo towers to be constructed in Central McDougall. Once completed, the project will provide over 1,220 housing units and retail opportunities. Royal Alexandra Hospital is located in the north east corner of the neighborhood. 

MacEwan University, NAIT and NorQuest are three of Edmonton’s post-secondary institutions located in proximity to the neighborhood. The Victoria School of Performing and Visual Arts offers an art-focused education for students from kindergarten through grade 12 and is located in Central McDougall. 

Kingsway Mall is located to the north of the neighborhood and anchor tenants include Hudson’s Bay and Sport Chek and over 200 other stores and services and Downtown and Oliver offer shopping, restaurants and entertainment in Central McDougall.

Interested in this Property?

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