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FOR SALE
AMORAAPARTMENTS11218 124 STREET,EDMONTON, AB
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. June 9, 2020
Cushman & Wakefield EdmontonSuite 2700, TD Tower10088 102
AvenueEdmonton, AB T5J 2Z1 cwedm.com
Brandon KuhnAssociate 780 916 9671 [email protected]
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PROPERTY HIGHLIGHTS
• Direct Exposure to over 13,000 Vehicles per day on 124th
Street (2018)
• Minutes from the Downtown core, Rogers Place, NAIT and
Royal
Alexandra Hospital
• Nearby retail amenities include the Brewery District, Kingsway
Mall and
Westmount Shopping Centre
• Numerous coffee shops, restaurants, bars and retail amenities
along 124th
Street
• 9 Suite Building; (1) Bachelor, (6) One Bedrooms, (2) Two
Bedrooms
• Eight (8) parking stalls on site
• Spacious Suites with a variety of large patio and balcony
areas
LEGAL DESCRIPTIONPlan RN39C, Block 9, Lot 4
ZONINGRA8 - Medium Rise Apartment Zone
NEIGHBOURHOODInglewood
BUILT1960
PROPERTY TAXES$11,031.18
LOT AREA7,240 SF
UTILITIES Separately Metered
PROPERTY DETAILS
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REVENUEUnit Type Monthly Rent Gross Annual Income
1 1 Bedroom $800.00 $9,600.00
2 1 Bedroom $800.00 $9,600.00
3 1 Bedroom $800.00 $9,600.00
4 2 Bedroom $900.00 $10,800.00
5 1 Bedroom $800.00 $9,600.00
6 1 Bedroom $800.00 $9,600.00
7 1 Bedroom $800.00 $9,600.00
8 2 Bedroom $900.00 $10,800.00
9 Bachelor $750.00 $9,000.00
Gross Rental Income $7,350.00 $88,200.00
Vacancy Loss (Projected) $367.50 $4,410.00
Effective Gross Income $83,790.00
EXPENSES
PROFORMA
Type %of EGI Per Unit/Per Year Per Annum
Property Taxes 2020 Estimate 13.2% $1,225.69 $11,031.18
Utilities Separately Metered Stabilized 9.0% $833.33
$7,500.00
Repairs and Maintenance Stabilized 9.0% $833.33 $7,500.00
Management Stabilized 6.0% $555.56 $5,000.00
Advertising Stabilized 0.9% $87.50 $787.50
Insurance Stabilized 7.0% 650.67 $5,856.00
Total Expenses 45.0% $4,186.08 $37,674.68
Net Operating Income $46,115.32
Price $825,000.00Capitalization Rate GRM Price Per Suite
5.59% 9.35 $91,666.67
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Cushman & Wakefield Edmonton is independently owned and
operated / A Member of the Cushman & Wakefield Alliance. No
warranty or representation, express or implied, is made 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 (or properties) in question. June 9, 2020
Brandon KuhnAssociate
780 916 9671 [email protected]
AERIAL
124 Street Retail
Brewery District
Downtown Core
Rogers Place
Royal Alex Hospital
Kingsway Mall
NAIT
Blatchford
