Property Details

Address: 28 Garden Crescent, St Albert, AB
Status: For Sale
Price: $2,800,000
Price Per Door: $140,000
No. of Units: 20
Cap Rate: 5.67%

Building & Site Info

Garden Crescent Apartments is a twenty suite apartment building located at 28 Garden Crescent in the city of St. Albert, Alberta.
It is a two and a half storey walk-up, concrete construction building with balconies that back onto a lovely, large green space. It was built in 1964, and was extensively renovated in 2008. There are 23 surface, paved and energized parking stalls.
The suite mix is 8 One-Bedroom suites and 12 Two-Bedroom suites.
The building is in pristine condition, with 80% of the units completely revamped. Renovations include: New kitchen (including tiled backsplash and new appliances), new bathroom (including tiled tub surround), fresh paint and laminate flooring.
All suite windows were replaced in 2008; new blinds were installed at that time as well. Hot water tanks were replaced in 2005 and 2008 respectively.
The exterior of the building has also been upgraded to new vinyl siding.
The building has a coin operated laundry room with two washers and two dryers.
Additional hall storage spaces are available for rent as well.
Building is being sold with clear title!

 

City

St. Albert is a city in central Alberta, adjacent to Edmonton. According to the 2016 Census, the population of St. Alberta is approximately 65,589 residents.
The economy is supported through the oil and gas industry, as well as the trades.
The city is known for it’s rich arts culture and festivals. St. Albert Place and the Public Art Gallery are two popular attractions in the city’s downtown.
Sports and recreation, including hockey, football and cross country skiing, are popular in activities in St. Albert. The Sturgeon River runs through the city, and there are multiple parks, trails, and outdoor sports areas in the community. A multi-purpose facility, Servus Credit Union Place, was construction in 2006. It offers an aquatic centre, arenas, soccer fields, basketball courts as well as a fitness centre and track.
St. Alberta Public Schools and Greater St. Albert Catholic Regional Division operate multiple schools in the region, including Bellerose Composite High and Paul Kane High School.
Major box store and chain restaurants and retails stores are located in the St. Albert, including Walmart, Canadian Tire, Home Depot and Costco.

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