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Parkview Apartments 10612 NW 97 Ave 12 Unit Apartment Building $1,860,000 CAD ($155,000 CAD/Unit) 4.63% Cap Rate Edmonton, AB T5K 0B8
Investment Highlights
- Located in Downtown Edmonton within walking distance to retail, dining, and entertainment districts.
- Excellent transit access, including proximity to LRT stations like Government and Corona.
Executive Summary
The Parkview Apartments is a three-storey Edwardian-era brick apartment block located on the north side of 97 Avenue adjacent to the Alberta Legislature grounds.. It has value as the first apartment building built in the river flats area along what became known as 97 Avenue in 1914.
Property Facts
| Price | $1,860,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $155,000 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.63% | Building Size | 6,471 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 3.82/1,000 SF |
| Zoning | DC1 - Direct Control | ||
| Price | $1,860,000 CAD |
| Price Per Unit | $155,000 CAD |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,471 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 3.82/1,000 SF |
| Zoning | DC1 - Direct Control |
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
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Parkview Apartments | 10612 NW 97 Ave
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