Contacts

Tracy Olmos

Avison Young

Amit Grover

Avison Young

Jandip Deol

Avison Young

Brandon Imada

Avison Young

Brannon Guenette

Avison Young

Neil Mah

Avison Young

Property Details

Property Type Other
Units 8
Year Built 2026
Date Updated Jun 30, 2026

The Property is located in the central Edmonton neighbourhood of Spruce Avenue, providing excellent access to a wide range of amenities and major transportation corridors. Spruce Avenue Park is located directly across the street from both lots and offers expansive green space, sports fields, playground facilities, and an active community league. The park is also slated to become the future site of a newly constructed public school with a planned capacity for 605 students.

The Property benefits from close proximity to major post secondary institutions, healthcare employment hubs, and regional retail destinations. NAIT is within walking distance, while MacEwan University is an 8-minute drive, collectively enrolling over 60,000 students annually.

The Royal Alexandra Hospital and Glenrose Rehabilitation Centre are located just south of the Property and collectively employ over 15,000 healthcare professionals. Kingsway Mall is approximately 350 metres away and provides more than 977,000 square feet of retail space anchored by national tenants such as Walmart and HomeSense, alongside a broad mix of supporting retailers and services.

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Highlights

Developed by Streetside, a Qualico company, the Property offers new purpose-built rental product backed by experienced execution, durable construction, and reduced near-term capital requirements.
High Leverage Financing
Purchaser Controlled Lease-Up
Subject to a firm agreement, the Vendor will permit the purchaser to control lease-up prior to possession to support financing and rental strategy. By taking on the lease up directly, the purchaser can ensure CMHC COI conditions are met prior to possession.
Superior Tenant Appeal
The Property offers tenants the closest thing to single-family, independent living. Private entrances, two-storey layouts, in-suite laundry, separate metering, unfinished basements, and proximity to major amenities/employment nodes support lease-up, tenant retention, and stable long-term rental income.
The Property offers the opportunity to secure CMHC MLI Select financing of up to 95% LTV with a 50 year amortization, resulting in a downpayment of $115,000.
Top Development Quality