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10620 79th Ave NW 23 Unit Apartment Building $2,680,086 USD ($116,525 USD/Unit) Edmonton, AB T6E 1S1
Investment Highlights
- Located near the University of Alberta and Whyte Avenue, a major cultural and retail corridor.
- Built in 1968 and maintained in good condition, offering immediate income stability.
- Excellent connectivity to Calgary Trail, Gateway Boulevard, and central Edmonton.
Executive Summary
This 23-suite low-rise apartment building offers a compelling investment opportunity in Edmonton’s Queen Alexandra neighborhood, a highly desirable area known for its proximity to the University of Alberta and Whyte Avenue. Built in 1968, the property sits on a 17,424-square-foot lot and is well-maintained, providing immediate income potential with long-term upside through value-add strategies.
The location benefits from strong rental demand driven by students, professionals, and families seeking convenient access to educational institutions, employment hubs, and cultural amenities. The neighborhood is walkable and well-served by public transit, with major roadways such as Calgary Trail and Gateway Boulevard nearby, ensuring excellent connectivity across the city.
The location benefits from strong rental demand driven by students, professionals, and families seeking convenient access to educational institutions, employment hubs, and cultural amenities. The neighborhood is walkable and well-served by public transit, with major roadways such as Calgary Trail and Gateway Boulevard nearby, ensuring excellent connectivity across the city.
Property Facts
| Price | $2,680,086 USD | Apartment Style | Low-Rise |
| Price Per Unit | $116,525 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 23 | Building Size | 21,357 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1968 |
| Zoning | RA7 | ||
| Price | $2,680,086 USD |
| Price Per Unit | $116,525 USD |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 21,357 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | RA7 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (97)
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10620 79th Ave NW
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