Property Details

Address: 11505 - 107 Avenue, Edmonton, AB
Status: For Sale
Price: $3,500,000
Price Per Door: $166,667
No. of Units: 21
Cap Rate: 5.69%

Property Overview

The Winston is a 21 unit apartment building that is currently undergoing extensive renovations. The suite layouts include two different one bedroom suite layouts and one two bedroom suite layout.
The buildings’ exterior and interior have been completely refurbished to include new siding and landscaping externally; new drywall throughout; new windows, LED lighting, dishwasher, washer and dryer, tub, toilet, vanity and fans in all units; and new electrical, boiler, and fire suppression system internally. Upon completion, there will be a new parking lot located in the rear, with one parking stall per unit.
The Winston is located in the Edmonton neighborhood of Queen Mary Park, conveniently situated close to Downtown, retail shopping, grocery stores, NAIT and Grant McEwan.

 Complete exterior and interior renovation of building
 Building jacked up and supported
 Roof repaired with new parapet, capping and metal vents
 Electrical upgraded to 600 AMPS
 Granite counter tops, high-end apron sinks and faucets
 Fob entry system

Interested in this Property?

Contact the David G. Parker Team Today