Contacts

Brandon Imada

Avison Young

Amit Grover

Avison Young

Jandip Deol

Avison Young

Tracy Olmos

Avison Young

Brannon Guenette

Avison Young

Neil Mah

Avison Young

Property Details

Property Type Other
Property Size 80,586 SF
Units 71
Date Updated Nov 12, 2026

Beaumaris is a distinctive residential community in North Central Edmonton, characterized by large parks, multiple schools and Beaumaris Lake, the largest stormwater lake in the city. The community holds a healthy mix of single-family housing and low-rise multifamily development, along with multiple commercial centres within the neighbourhood and along bordering arterial roads.

Walking paths span the entire community and can be easily accessed from the Property to connect residents to the outdoor amenities of Beaumaris Park and Beaumaris Lake, both located just 200 meters Southeast and Southwest of the Property respectively.

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Highlights

Based on a rental market survey of several competing properties in Castledowns, there is an opportunity to increase rates to align with the market for two-bedroom suites in the area. This can be applied easily on the previously renovated units and provides continued upside with further renovations of suites upon turnover.
LOCAL AMENITIES & RETAIL
MARKET RENTAL UPSIDE
Over 70% of units have been recently renovated, indicating to the continuous improvement of the Property by current ownership. Major capital expenditures that have also been completed include a roof replacement, new elevator and common area renovations, providing a solid foundation for future investment.
STRONG SUITE MIX & OCCUPANCY
The Castledowns area is a desirable rental location within Edmonton due to its family-oriented amenities and proximity to schools, parks and transit. The Property takes advantage of the demand from family tenants with a 94.3% two-bedroom suite mix, an effective offering to maximize rental revenue. The historically strong rental sub-market and amenities of the area also contribute to the Propertys high occupancy rate of 96%.
The Property sits adjacent to a community retail plaza, giving residents instant access to a gas station, convenience store, daycare, barber shop, pharmacy and a local boutique restaurant. Multiple walking trails also pass nearby the Property, allowing access to the Beaumaris Park and sports field amenities, and the popular Beaumaris Lake.
UNIT RENOVATIONS & UPGRADES