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The Spanish Monarch 9825 82 Av NW 34 Unit Apartment Building For Sale 5% Cap Rate Edmonton, AB T6E 1Y7
Investment Highlights
- Easy connectivity to Downtown Edmonton, University of Alberta, and major city transit lines.
- Located directly on Whyte Avenue, with walkable access to shopping, dining, and entertainment.
Executive Summary
Spanish Monarch is a 34-suite multifamily investment opportunity in Edmonton’s sought-after Ritchie neighborhood. Positioned along Whyte Avenue, the four-storey walk-up offers strong connectivity to downtown, major institutions, and lifestyle amenities. Currently 100% vacant, the property provides an ideal platform for renovation and lease-up, enabling buyers to capitalize on value-add potential, stabilized income, and favorable long-term fundamentals in a high-demand rental market.
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.54 AC |
| No. Units | 34 | Building Size | 27,343 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.28/1,000 SF |
| Zoning | RM h23 - Medium Scale Residential | ||
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 27,343 SF |
| No. Stories | 4 |
| Year Built | 1969 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | RM h23 - Medium Scale Residential |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 17 | - | - |
| 2+1 | 11 | - | - |
| 3+1 | 4 | - | - |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
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The Spanish Monarch | 9825 82 Av NW
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