Alberta Multifamily Portfolio

4619 - 199 Street, Edmonton

14 Buildings, 1146 Suites in Edmonton, St. Albert, Spruce Grove, Beaumont, and Edson

For Sale
Building Areas : 1.84 Acres to 5.47 Acres

Alberta Multifamily Portfolio


The flagship asset, consisting of 503 units, and vacant land to build 100 units, is located right off of Anthony Henday Drive in Edmonton. St. Albert and Spruce Grove, two of the strongest performing bedroom communities around Edmonton are home to 400 units. Beaumont, one of the fastest growing communities in Canada with a recent annexation of Leduc County land, includes 169 units. The remaining 79 units are located in Edson, primarily a resource based town (eg. Coal, oil, natural gas and forestry products). All units have been constructed post-2012 and suite mixes consist of one, two and three bedrooms. Most buildings have underground parking and each suite has at least 5 appliances (most have 6). All units have a walk-out patio or balcony. Anderson Builders, the builder, has significant experience in the development of multi-family projects.

Market Housing:
Village At The Hamptons -
Building 55 -
Spruce Heights -
Eaglemont Manor -
Big Lake Pointe- Building 10 -
Westwood Apartments -

Non-Market Housing:
Big Lake Pointe- Building 12 -
Westgrove Manor -
Paragon Apartments -
Montrose Manor -


  • Ability to build immediate critical mass in Alberta with brand new construction portfolio
  • Currently managed internally, allowing simple and efficient transfer of units into existing management arm
  • Vacant land at Village at the Hamptons to build 100 units
  • Massive upside on yield when incentives are washed out and rents go back to normal levels
  • Opportunity to add more debt to under-levered Portfolio (roughly $126M of debt)
  • Portfolio characteristics that cater to Edmonton and area tenant profile looking for quality, amenity rich and well located renting options


Open in a new window

Contact the broker

This information has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017/18. All rights reserved.

Share This Property
For further details, contact: