94-unit Apartment Building
Address: Blatchford, Edmonton AB
Asset Type: Mid-rise
Total Units: 94
Purchase Price: $28.3 million
Current Appraised Value: $33.8 million
Minimum Investment: $70,000
Registered Funds Eligible
**Open to Accredited Investors Only**
Why Edmonton?
- One of the key factors driving growth in the Edmonton area is Alberta has the highest income in the country, with Edmonton ranking as one of the most affordable major cities in the country.
- Alberta has more reasonable landlord/tenant laws, including the ability to increase rent, with no maximum, on a yearly basis to keep up with the market.
- The Blatchford community is connected to the LRT and neighbours with NAIT (North Alberta Institute of Technology), the Royal Alexandra Hospital, and Kingsway businesses.
Why New Construction?
- Everything is BRAND NEW. Repairs and maintenance will be minimal in comparison to an older, used product. In addition, there is a warranty in place.
- Fixed price contract, with incredible financing opportunities available for developers of for-rent new development projects.