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10741 105th St NW
Edmonton, AB T5H 2X3
Vintage House · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- Located steps from ICE District, MacEwan University, and Kingsway Mall
- Privately managed with curated tenant base and regular upkeep
- Walkable access to transit, retail, and entertainment
- 30-unit mix with two-storey layouts and surface parking
- Renovated units with strong rental upside potential
- Forecasted 18.9% population growth in Central McDougall by 2029
EXECUTIVE SUMMARY
Vintage House presents a rare opportunity to acquire a well-maintained, 30-unit multifamily asset in Edmonton’s Central McDougall neighbourhood. Built in 1971, this wood-frame walk-up apartment offers a diverse unit mix including 12 one-bedroom, 16 two-bedroom, and 2 three-bedroom suites, with several featuring unique two-storey layouts. The property spans 21,853 SF and includes 31 surface parking stalls, delivering a strong parking ratio of 1.03.
Strategically located just north of downtown Edmonton, Vintage House benefits from proximity to major employment hubs, educational institutions, and retail destinations. The ICE District, MacEwan University, Norquest College, and Jasper Avenue are all within walking distance, while Kingsway Mall—with over 1 million SF of retail space—is just 900 meters away. This location is ideal for both working professionals and students, with future growth anticipated from nearby campus expansions.
The building has been meticulously maintained by a hands-on owner who personally oversees operations and tenant selection. Many units have undergone full or partial renovations, offering immediate rental upside through further modernization. With a current Net Operating Income of $226,113 and a cap rate of 5.02%, the property is priced at $4.5 million or $150,000 per unit, making it a compelling investment in a high-demand rental corridor.
Strategically located just north of downtown Edmonton, Vintage House benefits from proximity to major employment hubs, educational institutions, and retail destinations. The ICE District, MacEwan University, Norquest College, and Jasper Avenue are all within walking distance, while Kingsway Mall—with over 1 million SF of retail space—is just 900 meters away. This location is ideal for both working professionals and students, with future growth anticipated from nearby campus expansions.
The building has been meticulously maintained by a hands-on owner who personally oversees operations and tenant selection. Many units have undergone full or partial renovations, offering immediate rental upside through further modernization. With a current Net Operating Income of $226,113 and a cap rate of 5.02%, the property is priced at $4.5 million or $150,000 per unit, making it a compelling investment in a high-demand rental corridor.
PROPERTY FACTS Under Contract
| Price Per Unit | $150,000 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.00 AC |
| No. Units | 30 | Building Size | 33,776 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.18/1,000 SF |
| Zoning | RM H23 - Medium Scale Residential | ||
| Price Per Unit | $150,000 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.00 AC |
| Building Size | 33,776 SF |
| No. Stories | 4 |
| Year Built | 1990 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | RM H23 - Medium Scale Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
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