Property Details

Address: 9938 - 88 Avenue, Edmonton, AB
Status: For Sale
Price: $1,680,000
Price Per Door: $140,000
No. of Units: 12
Cap Rate: 6.41%

Amenities: 

Melberne Place is a 12 suite apartment building located at 9938 - 88 Avenue in
Edmonton, Alberta, in the neighbourhood of Strathcona. It is a two and a half
storey, walk-up, wood-frame construction building that was built in 1965. There
are balconies for the two upper floors. Parking is surface, paved, located at the
rear of the building.
The suite mix is 3 bachelor suites, 6 one-bedroom suites and 3 two-bedroom
suites.

Location: 

Strathcona is a primarily residential neighbourhood in Edmonton, Alberta.
It is bounded by Mill Creek Ravine, the North Saskatchewan River, Whyte
Avenue (82nd Avenue) and 107th Street. Surrounding neighbourhoods
include Garneau, Queen Alexandra and Bonnie Doon.
According to Edmonton’s 2016 Municipal Census, the population of Strathcona
is approximately 8,973 residents.
Whyte Avenue (82nd Avenue) and Old Strathcona are considered the
entertainment and arts hub of Edmonton with an “old town” feel and rich
array of boutiques, shops, restaurants and bars, as well as almost-weekly
festivals and events in the summer.
There are multiple parks in the community, and Strathcona bounds the
Edmonton River Valley and is close to the Muttart Conservatory, University
of Alberta, and Downtown.

Interested in this Property?

Contact the David G. Parker Team Today