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Highland Apartments - 15701-5733 118 Ave 4 Multifamily Properties Offered at $2,475,000 CAD in Edmonton, AB
Investment Highlights
- Highlands neighbourhood – convenient access to 118 Avenue amenities.
- Accessible to ETS transit, Eastglen Leisure Centre, shopping, and major routes (Wayne Gretzky Drive / Yellowhead).
Executive Summary
Highland Apartments presents the opportunity to acquire a 16-unit multifamily asset located along 118 Avenue NW in Edmonton's established Highlands neighbourhood. The property consists entirely of two-bedroom suites, providing a consistent unit mix that appeals to a broad tenant base. Each suite includes in-suite laundry and private entry access, features that support tenant convenience and contribute to the property's ongoing occupancy appeal.
Positioned within a mature residential area, the property benefits from proximity to neighbourhood retail and service amenities along 118 Avenue, public transit connections, Eastglen Leisure Centre, and major transportation routes including Wayne Gretzky Drive and Yellowhead Trail. These connections provide residents with convenient access throughout Edmonton while supporting long-term rental demand from a diverse workforce and household base.
Positioned within a mature residential area, the property benefits from proximity to neighbourhood retail and service amenities along 118 Avenue, public transit connections, Eastglen Leisure Centre, and major transportation routes including Wayne Gretzky Drive and Yellowhead Trail. These connections provide residents with convenient access throughout Edmonton while supporting long-term rental demand from a diverse workforce and household base.
Property Facts
| Price | $2,475,000 CAD | Status | Active |
| Price / SF | $136.74 CAD / SF | Number of Properties | 4 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 5.15% | Total Building Size | 18,100 SF |
| Sale Type | Investment | Total Land Area | 1.02 AC |
| Price | $2,475,000 CAD |
| Price / SF | $136.74 CAD / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 5.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 18,100 SF |
| Total Land Area | 1.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5733 58th St NW, Edmonton, AB T5W 1E2 | Multifamily | 5,464 SF | 1949 | - |
| 5725 118th Ave NW, Edmonton, AB T5W 1E2 | Multifamily | 4,434 SF | 1949 | - |
| 5717 118th Ave NW, Edmonton, AB T5W 1E2 | Multifamily | 4,140 SF | 1949 | - |
| 5709 118th Ave NW, Edmonton, AB T5W 1E2 | Multifamily | 4,062 SF | 1949 | - |
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Highland Apartments - 15701-5733 118 Ave
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