NAI Commercial Real Estate, have been retained by the Court of King’s Bench of Alberta on an exclusive basis to arrange for the Judicial sale of Former Rutherford Place Apartments, located at 12035 – 82 Street in Edmonton, Alberta (the “Property”). The Multi-Family property consists of a 3-storey wood-frame construction building with 18 suites.
The Property is being offered with an Asking Price of $2,016,000 ($112,000/suite). The Opportunity can be acquired free and clear of any existing financing. Expressions of interest will be dealt with as received. For more information, please sign and return the Confidentiality Agreement (“CA”) for a property disclosure package.
Value Add Property: There is strong potential to grow the Net Operating Income through in-suite renovations and the mark-to-market of rents in a rising rental rate environment
Historically Low Vacancy and Turnover: The Property has a history of low vacancy rates
Location: The neighbourhood benefits from access to major arterial roadways such as 82 Street with 25,100 vehicles per day (City of Edmonton 2022) and Yellowhead Trail with 75,000 vehicles per day (City of Edmonton 2022).