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10238 103rd St NW - Ultima Condominiums 2,769 SF Retail Condo Unit Offered at $804,845 in Edmonton, AB T5J 4C9
Investment Highlights
- Close driving proximity to Unity Square and Brewery District shopping.
- A great Investment opportunity with strong tenant in place.
- Located within walking distance to the Ice District, Rogers Place, Henry Singer, Loblaws City Centre Market, City Centre Mall, and restaurants.
Executive Summary
This property is ideally located within walking distance to Edmonton’s ICE District, Rogers Place, Henry Singer, Loblaws City Centre Market, City Centre Mall, as well as a variety of popular restaurants, bars, and amenities. It also offers easy driving access to major retail hubs such as Unity Square and the Brewery District, enhancing its convenience for both residents and visitors. The surrounding Downtown Edmonton core is home to over 14,000 residents, with an average household income of $88,000. The area's population is primarily composed of young and middle-aged individuals, contributing to a dynamic and active urban environment.
1 Unit Available
Unit 10238C
| Unit Size | 2,769 SF | Condo Use | Retail |
| Price | $804,845 USD | Sale Type | Investment |
| Price Per SF | $290.66 USD |
| Unit Size | 2,769 SF |
| Price | $804,845 USD |
| Price Per SF | $290.66 USD |
| Condo Use | Retail |
| Sale Type | Investment |
Description
Excellent opportunity for owner/user to purchase a condo in Ultima Tower.
- Strong tenant in place with opportunity to terminate lease for an owner-user
- Main floor commercial condo located in Ultima Tower
- Ultima Tower is a 32-storey high rise with 199 residential suites
- Located less than 1 block south from the Ice District
- 2 Underground parking stalls included
- High exposure to foot and vehicle traffic from 103 Street (3,800 VPD) and 103 Avenue (4,900 VPD)
- Close proximity to Edmonton's ICE District, City Centre Mall, Loblaws City Market, Rogers Arena and Stantec Tower
- Neighbouring businesses include Gong Cha, XO Bistro + Bar, Honi Honi Tiki Lounge, Smoke BBQ Bar and The Old Spaghetti Factory
- NOI and lease details will be provided with a signed NDA
Sale Notes
The offering includes a main floor commercial condo located in Ultima Tower, a prominent 32-storey high-rise comprising 199 residential suites. Positioned less than one block south of Edmonton’s vibrant ICE District, the unit benefits from exceptional exposure to both foot and vehicle traffic, with approximately 3,800 vehicles per day (VPD) on 103 Street and 4,900 VPD on 103 Avenue.
Two underground parking stalls are included with the unit, adding to its convenience and value. The property is within close proximity to key downtown attractions, including City Centre Mall, Loblaws City Market, Rogers Arena, and Stantec Tower. Surrounding businesses such as Gong Cha, XO Bistro + Bar, Honi Honi Tiki Lounge, Smoke BBQ Bar, and The Old Spaghetti Factory enhance the area's foot traffic and appeal. NOI and lease details are available upon signing an NDA.
Property Facts
| Total Building Size | 602,118 SF | Floors | 33 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 18,246 SF |
| Property Subtype | Apartment | Year Built | 2016 |
| Building Class | A | Parking Ratio | 0.24/1,000 SF |
| Zoning | HA - Heritage Area Zone | ||
| Total Building Size | 602,118 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 33 |
| Typical Floor Size | 18,246 SF |
| Year Built | 2016 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | HA - Heritage Area Zone |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Grill
- Package Service
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 199 | - | - |
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10238 103rd St NW - Ultima Condominiums
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