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Sun River Estates 5580 35 St

63 Unit Block of Flats £6,034,626 (£95,788/Unit) Whitecourt, AB T7S 0G1

Investment Highlights

  • Approximately 2.2 acres of excess land zoned for High Density Residential and plans to support 48-64 suites
  • Immediate access to public transportation and located with five minutes of Whitecourt's downtown core
  • Efficient suite layouts with large windows, balconies/patios and insuite washer & dryers
  • Opportunity for the suites to be strata-titled and sold individually as the Alberta market continues to strengthen

Executive Summary

JLL Alberta Multifamily has been retained by the Vendor on an exclusive basis to arrange for the sale of Sun River Estates (the “Property”), an excellent opportunity to acquire a turnkey luxury rental apartment complex and shovel ready development land located in Whitecourt, Alberta, approximately 1.5 hours northwest of the City of Edmonton.
Sun River Estates is comprised of two, three-storey apartment buildings consisting of a desirable mix of one, two, and three-bedroom suites totalling 63 suites. The Property also includes approximately 2.2 acres of zoned, serviced, graded, and shovel ready development lands adjacent to the existing buildings.
Sun River Estates is being sold with an Asking Price of $10,900,000. For more information, please contact the Transaction Advisors.

Property Facts

Price £6,034,626
Price Per Unit £95,788
Sale Type Investment
No. Units 63
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 4.40 AC
Building Size 71,426 SF
Number of Floors 3
Year Built 2016

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Package Service
  • Smoke Free
  • Lift
  • Maintenance on site

zoning

Zoning Code R4 (High Density Residential)
R4 (High Density Residential)
  • Listing ID: 32475079

  • Date on Market: 16/07/2024

  • Last Updated:

  • Address: 5580 35 St, Whitecourt, AB T7S 0G1

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