Property Details

Address: 5910 – 118 Avenue, Edmonton, AB
Status: For Sale
Price: $850,000
Price Per Door: $94,444
No. of Units: 9
Cap Rate: 5.73%

Amenities

This nine suite apartment building is located at 5910 - 118 Avenue in Edmonton,
Alberta, in the neighbourhood of Montrose.
It is a two and a half storey walk-up, wood-frame construction building with no
balconies. It was built in 1976. Parking is surface and paved.
The suite mix is 7 one-bedroom suites and 2 two-bedroom suites.

Location

Montrose is a residential neighborhood in Edmonton, Alberta. It is bounded by 118th Avenue, Wayne Gretzky Drive, Yellowhead Trail and 58th Street. Surrounding neighborhoods include Bellevue, Highlands, and Newton.

Fort Road/Wayne Gretzky Drive/75th Street is a major roadway that runs through Edmonton and connects the north leg of the Anthony Henday to Whitemud Drive.  Yellowhead Trail is a leg of Highway 16 (Trans Canada Highway) which connects British Columbia to Manitoba.

According to the 2019 municipal census, the population of Montrose is approximately 3,163 residents.

One of the major stops on Edmonton’s Light Rail Transit System is Coliseum Station, which is located at the west end of the neighborhood.

The Edmonton EXPO Centre is located on the west side of Wayne Gretzky Drive, where conferences and events such as K-Days and the Canadian Finals Rodeo are held.

NAIT, Royal Alexandra Hospital and Kingsway Mall are all approximately a fifteen-minute drive from the neighborhood. Anchor tenants in Kingsway Mall include Hudson’s Bay and Sport Check and over 200 other stores and services. Downtown is also approximately a fifteen-minute drive. 

Interested in this Property?

Contact the David G. Parker Team Today