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10142 111 St NW - Meridian Suites 5,382 SF Office/Medical Condo Unit Offered at $1,653,000 CAD in Edmonton, AB T5K 1K6
Investment Highlights
- Ample parking in the area.
- Lots of natural light
- On site parking
Executive Summary
The property at 10142 111 Street NW, Edmonton is identified as Meridian Plaza/Meridian Suites, a multi-story condominium building in downtown Edmonton. The building consists of multiple units, including units for individual sale, and is serviced with on-site parking. It sits near Jasper Avenue and offers proximity to retail businesses, dining, entertainment districts, and public transportation. The surrounding area is characterized by mixed-use development and significant residential density.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.84% |
| Sale Status | Under Contract | No. Parking Spaces | 5 |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.84% |
| No. Parking Spaces | 5 |
Description
Income-generating retail/medical condo in Edmonton’s Oliver neighborhood. Features modern medical buildout, underground parking, and long-term regional tenant in place, providing stable returns and strong cap rate performance.
Sale Notes
Retail/medical condominium located at 10126 111 Street, Edmonton, offering ±5,382 sq. ft. of improved medical space. This income-producing asset features a long-term regional tenant under lease until 2029, providing reliable cash flow with a 6.84% cap rate. Situated in a high-density urban community with excellent accessibility and nearby amenities.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2/3/4 | 5,382 SF | Office/Medical | $1,653,000 CAD ($307.13 CAD/SF) | $113,065.20 CAD |
Unit 2/3/4
| Unit Size |
| 5,382 SF |
| Condo Use |
| Office/Medical |
| Price |
| $1,653,000 CAD ($307.13 CAD/SF) |
| NOI |
| $113,065.20 CAD |
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Unit 2/3/4
| Unit Size | 5,382 SF |
| Condo Use | Office/Medical |
| Price | $1,653,000 CAD ($307.13 CAD/SF) |
| NOI | $113,065.20 CAD |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.84% |
| No. Parking Spaces | 5 |
| Description | |
| Income-generating retail/medical condo in Edmonton’s Oliver neighborhood. Features modern medical buildout, underground parking, and long-term regional tenant in place, providing stable returns and strong cap rate performance.</li></ul> | |
| Sale Notes | |
| Retail/medical condominium located at 10126 111 Street, Edmonton, offering ±5,382 sq. ft. of improved medical space. This income-producing asset features a long-term regional tenant under lease until 2029, providing reliable cash flow with a 6.84% cap rate. Situated in a high-density urban community with excellent accessibility and nearby amenities.</li></ul> |
Property Facts Under Contract
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 158,350 SF | Typical Floor Size | 15,835 SF |
| Property Type | Multifamily (Condo) | Year Built | 2000 |
| Property Subtype | Apartment | Lot Size | 0.96 AC |
| Building Class | B | Parking Ratio | 1.26/1,000 SF |
| Floors | 10 | ||
| Zoning | CO - CO/MU suitable for most commercial uses | ||
| Total Building Size | 158,350 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 15,835 SF |
| Year Built | 2000 |
| Lot Size | 0.96 AC |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | CO - CO/MU suitable for most commercial uses |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- On-Site Retail
- Elevator
- Online Services
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 39 | - | 734 |
| 1+2 | 11 | - | 956 |
| 2+1 | 20 | - | 956 |
| 2+2 | 15 | - | 1,259 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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10142 111 St NW - Meridian Suites
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