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10019 - 152 Street NW
JLL Alberta Multifamily has been retained by the Vendor on an exclusive basis to arrange for the sale of Milan Apartments located at 10019 – 152 Street NW, Edmonton, Alberta (the “Property”). Milan Apartments consists of nine residential rental suites over two floors, located in the desirable area of West Jasper Place.
Located just off 149 Street, the Property is within walking distance to grocery stores, pharmacies, and restaurants. The Property will be less than a five-minute walk to the Stony Plain Road/149 Street Light Rail Transit (LRT) stop, a stop along the future Valley Line West. The future Valley Line West will run between Downtown Edmonton and Lewis Farms, but will ultimately connect to other lines such as the Capital Line and Valley Line: Southeast. The Property is also a ten-minute walk from MacKinnon Ravine, a popular multi-use, paved trail designed for cycling, running or walking.
The Property has attractive assumable debt at 3.00% with low cash to close. There has been recent capital invested in the Property, including a new boiler installed in 2021 and three suites fully renovated in 2022.