FOR SALE - JLL · Zoning RA7 – Low Rise Apartment Zone Site Size +/- 27,390 sq. ft. Property Type...
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• Gala Apartments | 9640 – 156 Street NW, Edmonton, AB • Sandison Manor | 10216 – 122 Street NW, Edmonton, AB FOR SALE
Transcript of FOR SALE - JLL · Zoning RA7 – Low Rise Apartment Zone Site Size +/- 27,390 sq. ft. Property Type...
• Gala Apartments | 9640 – 156 Street NW, Edmonton, AB• Sandison Manor | 10216 – 122 Street NW, Edmonton, AB
FOR SALE
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GALA APARTMENTS & SANDISON MANOR | Edmonton, Alberta
Address 9640 – 156 Street NW, Edmonton, AB
Legal Description Plan 2298HW; Block 22; Lots 5 – 8 Inclusive
Zoning RA7 – Low Rise Apartment Zone
Site Size +/- 27,390 sq. ft.
Property Type 2.5 storey walk-up of wood frame construction
Year Built 1970
Suite Mix One Bedroom Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Two Bedroom Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Three Bedroom Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24
Parking 24 paved & energized parking stalls
Mortgage Approximate $1.283M mortgage to be assumed• 3.26% interest rate• MCAP• CMHC insured• Matures 09/2023
Address 10216 – 122 Street NW, Edmonton, AB
Legal Description Plan 4044AC; Block 2; Lots 3 and 4
Zoning RA7 – Low Rise Apartment Zone
Site Size +/- 11,243 sq. ft.
Property Type 2.5 storey, walk-up of wood frame construction
Year Built 1965
Suite Mix Bachelor Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1One Bedroom Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Two Bedroom Suites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
Parking 17 paved & energized parking stalls
Mortgage Approximate $950,000 mortgage to be assumed• 2.93% interest rate• MCAP• CMHC insured• Matures 12/2025
OPPORTUNITY OVERVIEW PROPERTY SUMMARIESGALA APARTMENTS SANDISON MANOR
JLL Capital Markets, Multifamily, Alberta has been retained by the Vendor on an exclusive basis to arrange for the sale of Gala Apartments and Sandison Manor, (individually the “Property”, collectively, the “Properties”). Both properties are ideally located within the City of Edmonton, have great curb appeal, have been well-maintained and have a strong operating history. Interested parties have the ability to offer on the Properties individually, or together as a Portfolio.
Located in the Glenwood neighbourhood of Edmonton, Alberta, Gala Apartments is a 2.5 storey wood-frame walk-up featuring a total of 24 suites. Gala Apartments is being sold with an Asking Price of $3,012,000 ($125,500 per suite).
Located in the Oliver neighborhood of Edmonton, Alberta, Sandison Manor is a 2.5 storey wood-frame walk-up featuring a total of 17 suites. Sandison Manor is being sold with an Asking Price of $2,295,000 ($135,000 per suite).
No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser. Please contact JLL for more information. Expressions of interest will be dealt with as received.
Gala Apartments Sandison Manor Portfolio
Asking Price $3,012,000 $2,295,000 $5,307,000
Price Per Suite $125,500 $135,000 $129,439
Cap Rate 5.25% 4.22% 4.80%
• Gala Apartments is a clean, quiet and family-friendly Property with efficient floor plans and an attractive suite-mix.
• Gala Apartments benefits from easy access to public transportation including bus stops directly outside of the Property and a future LRT stop planned to be just a 4-minute walk south.
• Low capital exposure as there is no deferred maintenance. The roofs were replaced in 2008, and balcony doors, coverings, and windows were replaced in 2018 (approximately $90,000).
• Roof replaced in 2008. Hot Water Tanks are less than ten years old.
• Sandison Manor is a clean, quiet and well-maintained Property ideally located in the Oliver neighbourhood of central Edmonton.
• Residents of Sandison Manor have easy access to an abundance of services and amenities along Jasper Avenue, 124th Street and the Brewery District.
• Sandison Manor is close to public transportation including less than a ten-minute walk to future LRT stops.
• Low capital exposure as there is no deferred maintenance.
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GALA APARTMENTS & SANDISON MANOR | Edmonton, Alberta
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Stony Plain Rd
Whitemud Drive
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AREA OVERVIEWSG A L A A PA RT M E N TS SANDISON MANOR
Location Highlights Location Highlights
Gala Apartments is located in the mature Glenwood neighborhood of West Edmonton. Most errands can be accomplished by foot as Gala Apartments is walking distance from many schools, playgrounds, healthcare facilities, grocery stores, restaurants, religious assemblies and other amenities. Gala Apartments has immediate access to numerous bus stops along 156th Street and is near the future West Valley LRT Line. The Valley Line, currently under construction, will connect Southeast and West Edmonton through the Downtown Core. The line is expecting to see completion by the end of 2020.
Sandison Manor is located in the highly sought-after Oliver neighbourhood in Central Edmonton. Sandison Manor is walking distance to a number of schools, shopping centres, restaurants, grocery stores and other services and amenities. The Property has easy access to arterial roadways such as 104th Avenue, Jasper Avenue, 124th Street and 109th Street. Sandison Manor has immediate access to bus routes and will be less than a ten-minute walk to future LRT stops along 104 Avenue, providing easy access to all areas of the city.
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West Edmonton Mall Paul Kane ParkMeadowlark Health & Shopping Centre
MacEwan UniversityMisericordia Community Hospital Oliver School
St. Thomas Moore High School Victoria Golf Course
St. Francis Xavier High School Oliver SquareMayfield Common Oliver Park
Terra Losa Shopping Centre Brewery DistrictJasper Gates Save-OnFoods
MacKinnon Ravine Park Rogers Place
PROPERTY
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104 Ave
FUTURE LRT VALLEY LINE
EXISTING LRT LINES
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Tyler Herder SALES ASSOCIATE+1 780 328 [email protected]
JLL MULTIFAMILY ALBERTA
Samuel DeanSENIOR VICE PRESIDENT+1 780 328 [email protected]
Hayley Buskas UNLICENSED ASSOCIATE+1 587 328 [email protected]
Amelia Terlecki MARKETING COORDINATOR+1 780 328 [email protected]
THANK YOU
2101 TD Tower | 10088 - 102 Avenue | Edmonton, AB, T5J 2Z1
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DISCLAIMER Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions,assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this informa-tion is subject to the terms of that agreement. ©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
