114 University 11329 University Av NW 132 Unit Apartment Building $42,000,000 CAD ($318,182 CAD/Unit) 4.50% Cap Rate Edmonton, AB T6G 1Y8
EXECUTIVE SUMMARY
Institutional Property Advisors, a division of Marcus & Millichap, is pleased to present the exclusive opportunity to purchase a luxury investment property desirably located adjacent to the University of Alberta, placing residents within walking distance of a wide array of amenities and employment centres, making it the ideal home for students and professionals alike. The Property contains 132 residential suites expertly designed with stainless steel appliances, stone countertops, triple-glazed windows, in-suite laundry, patios/balconies, and radiant in-floor heating. The building comes with an abundance of amenities such as a resident lounge, underground parking, a courtyard with BBQs, a dog-wash station, and LED lighting throughout. Institutional Property Advisors is presenting University 114 to the market unpriced. At this time, offers and expressions of interest will be reviewed on an as-received basis
PROPERTY FACTS
| Price | $42,000,000 CAD |
| Price Per Unit | $318,182 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.85 AC |
| Building Size | 98,448 SF |
| Average Occupancy | 57% |
| No. Stories | 6 |
| Year Built | 2024 |
| Zoning | DC2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Courtyard
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Package Service
- Elevator
- Lounge
- Maintenance on site
- Online Services
- Pet Washing Station
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 50 | - | 349 |
| 1+1 | 50 | - | 526 - 589 |
| 2+2 | 32 | - | 840 - 885 |
1 of 1
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (80)
CONTACTS
-
Paul Chaput -
Jane Pascal -
Bradley Gingerich -
Bradyn Arth -
Nicholas Cryans -
Isabelle Milligan -
Institutional Property Advisors
