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For Sale EDMONTON, ALBERTA FAIRGREEN GARDENS 168 Residential Rental Suites Fairgreen Gardens | Edmonton, Alberta

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For Sale EDMONTON, ALBERTA FAIRGREEN GARDENS 168 Residential Rental Suites Fairgreen Gardens | Edmonton, Alberta 4007 – 108 STREET NW, For Sale EDMONTON, ALBERTA FAIRGREEN GARDENS 168 Residential Rental Suites Fairgreen Gardens | Edmonton, Alberta THE OPPORTUNITY Property Name Fairgreen Gardens Municipal Address 4007 - 108 Street NW, Edmonton, AB Neighbourhood Rideau Park JLL Capital Markets, Multifamily, Alberta (the “Advisor”) has been Legal Description Plan 4082RS, Block 11, Lot A retained by Clifton Corporation (the "Vendor") on an exclusive basis to arrange for the sale of Fairgreen Gardens, located at 4007 – 108 Site Size +/- 5.67 acres Street NW, Edmonton, Alberta (the “Property”). Well located in the Land Use RA7 – Low Rise Apartment Zone City of Edmonton, Fairgreen Gardens is a four building, three storey Designation wood-frame apartment complex featuring a total of 168 spacious Four buildings, wood-frame construction, walk-up Property Type residential rental suites. (no suites bellow grade) No offer, regardless of form or content, will create any binding legal Storeys 3 Storeys obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser. Year Built 1971 Fairgreen Gardens is being offered with no Asking Price. Building Breakdown Building A - 45 Suites Expressions of interest to purchase will be dealt with as received. Building B - 39 Suites Building C - 45 Suites Building D - 39 Suites Suite Mix One-Bedroom (736 sq. ft.) 48 (29%) One-Bedroom + Den (750 sq. ft.) 40 (24%) Two-Bedroom (887 sq. ft.) 76 (45%) Three-Bedroom (1,000 sq. ft.) 4 (2%) Total 168 (100%) *Approximate suite sizes North Paved Energized Surface Parking – 98 Stalls Parking Covered Parking Structure – 60 Stalls South Paved Energized Surface Parking – 30 Stalls Meters Individually metered electricity 2 | JLL SOUTHGATE SOUTHGATE CONFEDERATION HARRY AINLAY LRTFairgreen STATION Gardens | Edmonton,MALL Alberta LEISURE CENTRE HIGH SCHOOL Whitemud Drive Freeway LRT Capital Line 111 Street C - Apts 85 -129 A - Apts 1 - 45 Covered Parking D - Apts 130 - 168 B- Apts 46 - 84 RIDEAU PARK JLL | 3 Fairgreen Gardens | Edmonton, Alberta PROPERTY HIGHLIGHTS • CLEAN, QUIET & WELL-MAINTAINED: Fairgreen Gardens is a clean, quiet property that has been privately owned and managed for 40 years. The Property has been exceptionally well-maintained, and is regularly upgraded as required. • PARK-LIKE SETTING: Fairgreen Gardens includes four buildings located on over +/- 5.67 acres of land adjacent to Rideau Park. The Property has ample green space and attractive landscaping, creating a community feel for tenants. Fairgreen Gardens is within proximity to many walking and cycling paths, parks and playgrounds. • POTENTIAL TO INCREASE DENSITY: There is excess space on the Property with potential to add high in demand suites and/or amenity space to strengthen the community feel. Amenities would provide Fairgreen Gardens with a competitive advantage over properties in the area and push rental rates even higher. • RENTAL RATE UPSIDE: Fairgreen Gardens has a strong operating history with many long-term tenancies. Many of the long-term tenants have experienced little increases, therefore, rents at Fairgreen Gardens are currently below market. Potential Purchasers have an opportunity to increase rents, to significantly increase NOI. 4 | JLL Fairgreen Gardens | Edmonton, Alberta AREA OVERVIEW HIGHLY DESIRABLE AREA Fairgreen Gardens is located in the Rideau Park neighborhood 0 Minutes of South Edmonton. The Property has nearby access to ETS Bus Stop at Front Door grocery stores, major retail developments, health and wellness facilities, outdoor parks and trails, restaurants and services. Fairgreen Gardens is within proximity to many well- recognized schools such as DS Mackenzie Junior High School, Harry Ainlay High School and Louis St. Laurent. Close to 2 Minutes Fairgreen Gardens are many major employment opportunities, from Southgate Centre notably the University of Alberta (Main and South campuses) and the University Hospital, as well as schools, and retail and service hubs including Southgate Shopping Centre, Whitemud Crossing Retail and South Park Centre. In addition to the bus stop located directly at the entry to Building A, the Property 10 Minutes enjoys access to a number of bus routes, is walking distance from University of Alberta to the LRT’s Capital Line at Southgate Shopping Centre, and is situated just off Whitemud Drive Freeway, with Calgary Trail and Gateway Boulevard close by for travel on Highway 2 and to the Edmonton International Airport. 15 Minutes from Downtown Edmonton 22 Minutes from Edmonton International Airport JLL | 5 Stony Plain Road NW Fairgreen Gardens | Edmonton, Alberta LOCATION To Downtown 170 Street NW 19 MAP 17 Whyte Avenue NW SHOPPING CENTRES & SUPERMARKETS 16 1 Southgate Shopping Centre 2 Real Canadian Superstore 3 South Edmonton Common 15 4 IKEA 10 5 South Park Shopping Centre LEISURE ACTIVITIES 6 Snow Valley Ski Club 2 7 Confederation Leisure Centre 8 75 Street NW 8 Rainbow Valley Park 6 21 1 9 William Lutsky YMCA FAIRGREEN GARDENS 10 Saville Community Sports Centre 7 11 SCHOOLS 12 11 Harry Ainlay High School 13 5 12 DS Mackenzie Junior High School 14 13 St. Augustine Elementary School 14 Duggan Elementary School 20 ENTERTAINMENT & CULTURE 15 Fort Edmonton Park Terwillegar Drive NW 16 Edmonton Valley Zoo 17 Whyte Avenue 9 18 Cineplex & The Rec Room 3 HOSPITAL / CLINICS 18 19 University of Alberta Hospital 4 PUBLIC TRANSPORTATION Gateway Boulevard NW 20 Century Park Transit Centre (Park & Ride) To Highway 2 / Airport 21 Southgate Transit Centre 6 | JLL FOR MORE INFORMATION PLEASE CONTACT: Samuel Dean Tyler Herder SENIOR VICE PRESIDENT SALES ASSOCIATE +1 780 328 2560 +1 780 328 2576 [email protected] [email protected] Hayley Buskas Benjamin Shopland SALES ASSOCIATE ASSOCIATE, UNLICENSED +1 587 328 0163 +1 587 881 0170 [email protected] [email protected] 2101 TD Tower | 10088 - 102 Avenue | Edmonton, AB, T5J 2Z1 www.jll.ca DISCLAIMER Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions,assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2020 Jones Lang LaSalle IP, Inc. All rights reserved. JLL | 7.
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