Property Details

Address: 6707 - 132 Avenue, Edmonton, AB
Status: For Sale
Price: $1,398,000
Price Per Door: $116,500
No. of Units: 12
Cap Rate: 6.07%

Building and Site Info

Berolina Apartments is a twelve suite apartment building located at 6707 - 132
Avenue in Edmonton, Alberta, in the neighbourhood of Balwin.
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 7 One-Bedroom suites and 5 Two-Bedroom suites.
6 of the suites have been fully reonvated, including completely new kitchens
and bathrooms. 2 of the suites have had partial renovations, meaning everthing
exceptthe kitchen cabinetry. The remaining 4 suites have been repaired as
necessary, as they have had long term tenants.

 

Neighbourhood 

Balwin is a residential neighbourhood in Edmonton, Alberta. It is bounded
to the north by 132nd Avenue, to the east by 66th Street, to the south
by portions of 127th street and the railway tracks, and to the west by 82
Street. Surrounding neighbourhoods include Killarney, Glengarry, Delwood
and Belvedere. The neighborhood is in proximity to Yellowhead Trail, which
runs east-west through the city and connects to 97th Street, Fort Road and
St Albert Trail, three of the City’s major roadways.
Fort Road is a major roadway that runs through the city and becomes Wayne
Gretzky Drive and 75th Street, providing access to Sherwood Park Freeway
and Whitemud Drive. Access to Anthony Henday Drive is approximately a
ten-minute drive.
According to Edmonton’s 2016 Municipal Census, the population of Balwin is
approximately 4,352 residents.
Londonderry Mall is located just a couple of blocks north of the neighborhood.
Anchor tenants include the Hudson’s Bay Company and Simons. Further along
137th Avenue is commercial development, including major retailers and
restaurants. The Home Depot, Best Buy, Real Canadian Superstore, The Keg,
Boston Pizza and more are within a ten-minute drive of the neighborhood.

Interested in this Property?

Contact the David G. Parker Team Today