For Sale

Portfolio Details

  • Property Types: Multifamily - Apartment & Townhome
  • Riverview Plaza 252 Units | 1969 | RL h50 Zoning | 7.19 Acre Site
  • Neighbourhood: Rundle Heights & Abbottsfield
  • Northridge Estates 180 Units | 1978 | RM h16 Zoning | 5.01 Acre Site
  • Total Units: 536
  • Parkview Estates 104 Units | 1972 | RSM h12 Zoning | 6.12 Acre Site
  • Total Land Area: 18.31 Acres
  • Unit Mix: Apartment Style (80.6%) | Townhome Style (19.4%)

Location Overview

Situated in northeast Edmonton, this area is characterized by a mix of low-density housing, townhomes, and established multifamily properties developed primarily in the 1960s and 1970s. Overlooking the North Saskatchewan River Valley, both Abbottsfield and Rundle Heights benefit from immediate access to Rundle Park, one of the city’s premier recreational destinations. The park features extensive walking and cycling trails, sports fields, a golf course, and year-round amenities, enhancing livability and long-term tenant appeal.

Strategically positioned with immediate connectivity to major arterial routes including Yellowhead Trail and Anthony Henday Drive, these neighbourhoods provide efficient access to downtown Edmonton and key employment hubs across the city. The area is also supported by local commercial amenities along 118 Avenue and in adjacent neighbourhood centres, offering retail, services, and daily conveniences within a short walk or drive

Investment Highlights

Institutionally Maintained

All 3 properties have undergone significant capital expenditures, with millions of dollars spent on portfolio maintenance and upgrades in the last 10 years

Asset Performance & Location

A strong average occupancy of 97% is currently being achieved across the portfolio, signaling to tenant demand for this location in Northeast Edmonton that features quick access to major roadways and walkability to local retail and River Valley Parks
High-Leverage Financing

The portfolio is being offered free and clear of existing debt and is primed for high-leverage CMHC financing through the MLI Select Program

Complete Offering of Unit Types

The Portfolio holds a complete range of unit types in the following concentrations: Studios (4.9%) One-Bedrooms (28.4%) Two-Bedrooms (41.2%) Three-Bedrooms (6.2%) Two-Bedroom Townhome (5.9%) Three-Bedroom Townhome (13.4%)

Marketing Materials

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