Property Details

Address: 10740 - 110 Street, Edmonton, AB
Status: For Sale
Price: $2,585,000
Price Per Door: $117,500
No. of Units: 22
Cap Rate: 5.66%

Building & Site Info

Sheraton Apartments is a twenty-two suite apartment building located at 10740 -
110 Street in Edmonton, Alberta, in the neighbourhood of Central McDougall. It is
a two and a half storey walk-up, wood-frame construction building with balconies.
It was built in 1966. Parking is surface and paved.

The suite mix is 4 Bachelor suites, 12 One-Bedroom suites and 6 Two-Bedroom
suites.

 

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.

The Kingsway/Royal Alex LRT station is located in Central McDougall, giving
access to Edmonton’s Light Rail and transit systems.

There are currently plans for new condo towers to be constructed in Centrel
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. It is home to the Eye Institute of Alberta, the Lois Hole Hospital
for Women and other specialized medical centers.

MacEwan University and NAIT are two 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?

Contact the David G. Parker Team Today