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11140 108th Ave NW
Edmonton, AB T5H 3Z3
Cheviot Manor · Multifamily Property For Sale
·
15 Units
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 12,831 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | B | Parking Ratio | 1.17/1,000 SF |
| Zoning | RA7 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 12,831 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | RA7 |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
ABOUT 11140 108TH AVE NW , EDMONTON, AB T5H 3Z3
Rents are starting to rise in Edmonton. Cheviot Manor is strategically located on a quiet, tree lined street, surrounded by other apartment buildings & newer condo development. Near several schools, and existing transit with efficient access to the expanding LRT network to NAIT. The current monthly gross rent roll is close to $13,000 per month and $160,000 annually. The location & suite mix optimizes minimizing vacancy & increasing rental demand & rent rate growth that has been consistent since the current owner purchased the building in March of 2010. The 15 suite, 3 storey walk-up apartment building contains 3 bachelor, 10 one bedroom & 2 two bedroom suites. In above average condition for the 1972 built wood frame building, recent upgrades to the roof in approximately 2005, suites from 2011 to date, & hallway common areas & landscaping in 2015 continue to improve the building.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $710.00 | - |
| 1+1 | 10 | $912.50 | - |
| 2+1 | 2 | $1,073 | - |
