University Fourplex

PRICE REDUCED: 5.23% CAP RATE HANDS FREE INVESTMENT FOR SALE UNIVERSITY FOURPLEX 11131 85 AVENUE, EDMONTON, AB Adam Martinson Partner 780 701 3285 [email protected] Brandon Kuhn Cushman & Wakefield Edmonton Associate Suite 2700, TD Tower 780 916 9671 10088 102 Avenue Edmonton, AB T5J 2Z1 [email protected] cwedm.com Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. October 22, 2020 LOCATION HIGHLIGHTS • Located in the popular mature neighbourhood of Garneau • Nearby access to Saskatchewan Drive, Groat Road, 109th Street, trendy Whyte Avenue and the Downtown core • This property benefits from its location across the street from the U of A Hospital, two blocks away from the University of Alberta, and a 5 minute walk to UNIVERSITY the LRT AREA • The U of A hospital employs over 33,000 people (2017), while the University of Alberta employs over 14,000 people and has an enrolment of more than 40,000 University Hospital students (2019) • Surrounded by countless retail amenities, including restaurants, bars, coffee shops and grocery stores • Close proximity to Kinsmen Park and Sports Centre, Hawrelak Park, both the Royal Mayfair and Victoria golf clubs, and Edmonton’s river valley system CURRENT RENT ROLL Unit Size (SF) Net Rent ($/SF) Annual Net Rent BSMT 891 $ 2,100.00 $ 25,200.00 101 1161 $ 2,200.00 $ 26,400.00 201 1144 $ 2,200.00 $ 26,400.00 301 643 $ 1,700.00 $ 20,400.00 GROSS RENTAL INCOME 4 $ 98,400.00 Vacancy Loss (Projected) 3.00% $ (246.00) $ (2,952.00) EFFECTIVE GROSS INCOME $ 95,448.00 EXPENSES Type % of EGI Per Unit/Per Year Per Annum Property Taxes 2020 Estimate 11.2% $ 2,681.87 $ 10,727.47 Utilities 2019 7.3% $ 1,753.04 $ 7,012.15 Repairs and Maintainance Projected 1.0% $ 250.00 $ 1,000.00 Insurance 2019 3.5% $ 836.25 $ 3,345.00 Advertising 2019 0.1% $ 30.00 $ 120.00 TOTAL EXPENSES 23.3% $ (5,551.16) $ (22,204.62) NET OPERATING INCOME $ 73,243.38 PRICE $ 1,400,000.00 Capitalization Rate GRM Price Per Suite 5.23% 14.23 $ 350,000.00 Disclaimer: The information contained herein has been obtained from various sources considered reliable. Neither Cushman & Wakefield Edmonton nor the Agent make any representation, declarations or warranties, expressed or implied, as to the accuracy or completeness of this information and/or any statements. Cushman & Wakefield Edmonton and the Agent expressly disclaim any and all liability for any errors or omissions herein and/or any other written or oral communication transmitted or made available to prospective purchasers. All prospective purchasers are advised to independently verify the accuracy of any information and/or statements herein through engaging multiple appropriate professionals PROPERTY DETAILS Fourplex Multi-Family Development Detached two car garage on site Legal Description Plan I23A, Block 162, Lot 25 Zoning RA9 – High Rise Apartment Zone Neighbourhood Garneau Lot Size 4,353 SF Year Built 2018 Occupancy Fully leased Tenant profile Medical professionals and graduate students Capitalization Rate 5.23%.

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