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9928 81 NW Ave
Edmonton, AB T6E 1W6
Coimbra Building + West House · Retail Property For Sale
Investment Highlights
- The property is located in Edmonton’s highly desirable Ritchie community, just steps from Whyte Avenue’s shops, restaurants, and transit options.
- Both properties have been well-maintained, presenting a turnkey investment with no significant deferred maintenance.
- Both the Coimbra Building and the accompanying residential property are fully leased, offering immediate and reliable income for investors.
Executive Summary
The Coimbra Building is a well-maintained, mixed-use commercial property in a prime south-central Edmonton location, in the Ritchie community. This unique asset combines one & two-story sections, offering approximately 11,464 sq. ft. of leasable area. Built in 1967 & 1990, the buildings are well maintained and in great condition, with no significant deferred maintenance noted, presenting a solid investment opportunity. Included with this sale is a character-filled, large 2.5-storey residential property featuring tow suites with updated amenities such as updated windows, plumbing, electrical, and HVAC systems. Both properties are fully leased, making this an ideal income-generating investment in a vibrant area near Whyte Avenue's shops, restaurants, and transit options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,464 SF
Building Class
C
Year Built
1990
Price
$2,648,251 USD
Price Per SF
$231.01 USD
Cap Rate
6.30%
NOI
$166,887 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.31 AC
Zoning
CB2 - Commercial
Parking
14 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
131’ on 81 Avenue NW
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