Property Details

Address: 9219 - 111 Avenue, Edmonton, AB
Status: For Sale
Price: $2,370,000
Price Per Door: $76,000
No. of Units: 20
Cap Rate: 6.49%

List Price: $2,370,000

Price Per Door (Apartment Building): $76,000

Commercial Space: $850,000

Amenities

 

Vinton Building is a twenty suite mixed-use apartment building located at 9219 – 111 Avenue in Edmonton, Alberta. It is situated on the boundary of the neighborhood of McCauley. It is a three storey, steel and concrete block construction building built in 1977. There is approximately 7,300 square feet of main floor retail space that is leased to various businesses, and 20 apartment suites on the second and third floors.

The suite mix is 4 bachelor suites (approx. 500 sq. ft.), 12 one-bedroom suites (approx. 700 sq. ft.) and 4 two-bedroom suites (approx. 800 sq. ft.) Tenants are long term.

The boiler is original and recent upgrades include a new back-flow preventer, new hot water tank, and $30,000 spent on balconies in the last three years. Features also include 24 inch stoves, 12 cubic foot fridges, and a sprinkler system in the parkade. Washer and dryers are owner owned. There are also five H-VAC units in the building, three of which have been replaced.

There are 30 parking stalls in an underground parkade and 11 surface parking stalls.

The building is near transit and in proximity to Commonwealth Stadium, Rogers Place, Kingsway Mall, and Downtown.

Location

McCauley is a residential neighborhood in Edmonton, Alberta. It is bounded by 111th Avenue/Norwood Avenue, 101st Street, and the CNR Right-of-Way. Surrounding neighborhoods include Alberta Avenue, Boyle Street, Central McDougall and Downtown.

According to Edmonton’s 2016 Municipal Census, the population of McCauley is approximately 4,799 residents.

McCauley is an ethically diverse neighborhood. Little Italy and Chinatown are both located in McCauley and Downtown is a short walk, giving access to shopping, restaurants and festivals year round. Edmonton’s CFL Team, the Edmonton Eskimos, play at Commonwealth Stadium, which is located at the north-east corner of neighborhood.

Kingsway Mall is approximately a ten-minute drive from the neighborhood and anchor tenants include Hudson’s Bay and Sport Chek as well as over 200 other stores and services.

There is access to all forms of public transportation in the neighborhood, including Edmonton’s LRT system and busing.

Interested in this Property?

Contact the David G. Parker Team Today