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10576-10593 106th St NW 6,000 SF Flex Condo Unit in Edmonton, AB T5H 0L2
INVESTMENT HIGHLIGHTS
- The site provides strong long-term redevelopment potential.
EXECUTIVE SUMMARY
Property is three units on two titles, total of ~15,994 rentable space. The north space was built in 1966, and the south bay was built in 1978. The end units have useable mezzanine, whereas the middle bay comes with a ~2800 square foot basement storage area. There are office buildouts in the front of each space, with warehouse / shop space in the back. The two end bays each have their own fenced / gated parking areas in the back for privacy and security. Ceiling heights are 14' in the front half of the middle bay, 17' 6" under truss in the warehouse. The end units are 21' 6" under truss throughout. Located just behind Grant MacEwan University, this building is a well-maintained opportunity of downtown industrial office or storage space with excellent future potential as a medium-to-high density residential, commercial, or multi-use development.
PROPERTY FACTS
| Total Building Size | 15,994 SF | Typical Floor Size | 15,994 SF |
| Property Type | Flex (Condo) | Year Built | 1966 |
| Building Class | B | Lot Size | 0.52 AC |
| Floors | 1 | Parking Ratio | 1.25/1,000 SF |
| Zoning | DC1 - Property is zoned DC commercial with a future redevelopment plan overlay. | ||
| Total Building Size | 15,994 SF |
| Property Type | Flex (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 15,994 SF |
| Year Built | 1966 |
| Lot Size | 0.52 AC |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | DC1 - Property is zoned DC commercial with a future redevelopment plan overlay. |
AMENITIES
- Signage
- Storage Space
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 UNIT AVAILABLE
Unit 10589
| Unit Size | 6,000 SF | Cap Rate | 6.50% |
| Condo Use | Flex | Sale Conditions | Lease Option |
| Sale Type | Investment or Owner User |
| Unit Size | 6,000 SF |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| Sale Conditions | Lease Option |
DESCRIPTION
6,000 square feet of main floor space plus an additional 3,000 square feet of basement storage. Office component is roughly half of the unit, with a 17' 6" under-truss warehouse in the back. Well-maintained and very usable space.
SALE NOTES
Rare industrial bay located near downtown Edmonton, offering 6,000 square feet of main floor space plus an additional 3,000 square feet of basement storage. The property features a recently renovated office area and an SBS membrane roof completed in 2023. Situated within the North Edge Area Redevelopment Plan, the site provides strong long-term redevelopment potential. Power supply is rated between 100 and 200 amps, accommodating a range of light industrial uses. This property presents a flexible sale or lease opportunity with immediate availability in a central urban location. The individual bay, or the entire building are for sale.
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10576-10593 106th St NW
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