Contacts
Avison Young
Avison Young
Avison Young
Avison Young
Avison Young
Avison Young
Property Details
- Property Type Other
- Property Size 92,347.2 SF
- Units 16
- Date Updated Aug 14, 2026
Plamondon is a bilingual hamlet in Lac La Biche County, located approximately 30 km east of Lac La Biche and roughly 2.5 hours northeast of Edmonton. The community is one of the County’s urban service areas and offers local schools, grocery, fuel, banking, recreation and community services.
Lac La Biche County’s economy is supported by oil and gas, forestry, agriculture and tourism. The region provides access to major northern transportation corridors and serves residents and businesses throughout northeastern Alberta.
The Property benefits from an exceptionally convenient position within the hamlet. École Beauséjour, École Plamondon School and the North Country Co-op Arena are immediately adjacent to the Property, while grocery and other daily amenities are located within approximately 500 metres.
Reach out to the broker for more info on lease terms and amenities
Highlights
- CMHC ACCESSIBILITY POTENTIAL
- FUTURE DEVELOPMENT POTENTIAL
- IMMEDIATE CASH FLOW
- LIMITED COMPETITION
- Originally constructed as a seniors residence, the Property offers a single-storey, step-free design that may support CMHC MLI Select accessibility points and potential high-leverage financing.
- The 2.12-acre site with excess land supports two additional 16-suite wings, creating potential for up to 32 new suites and 48 total suites at full buildout, subject to verification and municipal approvals.
- The Property is offered at a 7.00% going in cap rate and has maintained low historical vacancy, providing immediate cash flow from closing. Current rents include heat, water and power. Power is individually submetered creating potential for future expense recovery and NOI growth.
- The Property is Plamondons only publicly identified, privately operated purpose built rental community. The balance of the communitys formal rental supply consists primarily of income qualified public seniors housing, creating limited direct competition for market rental accommodation.
Getting around
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34/100
Bike Score ®
Location
- City Plamondon, AB
- Neighborhood Plamondon
- Zip Code 12180