2908-151 avenue for sale

VICTORIA VALLEY TOWNHOMES
FOR SALE
2908-151 AVENUE
Edmonton, AB
AMIT GROVER
VICE PRESIDENT
780 969 3006
amit.grover@colliers.com
JANDIP DEOL
ASSOCIATE VICE PRESIDENT
780 969 3043
jandip.deol@colliers.com
THE OPPORTUNITY
This project presents the unique opportunity to own
a newly constructed townhome project within the
Anthony Henday ring road in North East Edmonton.
With very little newly developed product in the area
and a quick lease up period, the Victoria Valley project
presents an opportunity to purchase a steady cash
flowing asset in a rapidly expanding infill location. Each
unit is currently individually titled and thus is extremely
well suited for a condo conversion as a potential exit
strategy. Competing product is significantly older
with little additional supply, thus future individual sales
prices are anticipated to be top of market.
BUILDING OVERVIEW
Victoria Valley is brand new woodframe construction consisting of 7 buildings, totaling 28 units. Each floorplan comes
with 3 bedrooms, 2.5 bathrooms, an open concept kitchen and dining room layout which overlooks the spacious living
area. Every unit includes a double attached garage, 3 appliances, in-suite washer and dryer, a storage/bonus room in
the basement, balcony and a communal grassed area behind the units.
FEATURES
>> Gas Fireplace
>> Washer/Dryer
>> Two 4 piece bathrooms upstairs
>> Engineered hardwood flooring in main living area
>> Ceramic tile in entrances, bathrooms, kitchen and
dining area
>> Carpet in bedrooms
>> Close to Manning Town Centre
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Victoria Valley
NEIGHBOURHOOD OF KIRKNESS
Th e North East of Edmonton is the last quadrant of Edmonton within the Anthony
Henday to be developed. The area has been growing at an incredible pace and
the growth has been driven by Alberta’s Heartland. Within 2 km to the south
is Belmont Town Centre which has a Sobey’s grocery store, banks, restaurants
and Rexall Pharmacy. The nearby Manning Town Centre (2km North west) has
been built to accommodate all retail needs of this NE quadrant. Furthermore,
this community is becoming the home of many Garrison Army Base members
who are living off the Military Base. Kirkness also has several nearby schools
for families; Kirkness School, Fraser School, Bannerman School and John D.
Bracco.
AMENITIES MAP
Clareview Town Centre
Belmont Town Centre
Sobey’s
Rexall
Tim Hortons
ScotiaBank
Bank of Montreal
Walmart
Michaels
Bulk Barn
Superstore
Boston PIzza
DynaLIFEDX
H & R Block
Mary Browns
McDonald’s
Miki Sushi
Marks Work
Wearhouse
Burger King
Moores Clothing
Red Robin
Manning Town Centre
Clareview
Rec Centre
Cabela’s
Sport Chek
Lowe’s
Boston Pizza
Cineplex Cinemas
Kirkness Park
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Victoria Valley
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51 A
Chili’s
Marshalls
HomeSense
McDonald’s
MAIN FEATURES
>> Number of Units: 28
>> Suite Sizes: 1930 SF (4 Units), 1646 SF (24 Units)
>> Plan: 01420420 Units 1-28
>> Site Area: 1.53 acres
>> Land Use: RF3
>> Neighborhood: Kirkness
FINANCIAL OVERVIEW
>> Price: $9,400,000
>> Cap Rate: 5.00%
>> Rent: $2,000 (1930 SF), $1,800 (1646 SF)
Price per Door
Price
Price/SF
Cap Rate
$335,822
$319,831
$305,293
$9,403,021
$8,955,258
$8,548,201
$199
$190
$181
5.00%
5.25%
5.50%
FINANCIAL ANALYSIS
Revenue
Monthly Rental Revenue
Total Annual Revenue
Vacancy Loss (4.0%)
Gross Revenue After Vacancy
$51,200.00
$614,400.00
$24,576.00
$589,824.00
Expenses
Management Fee (4.0%)
Insurance ($346/unit/year)
Repairs & Maintenance ($600/unit/year)
Taxes (Estimated @ $2385/unit/year)
Miscellaneous/Advertising ($100/unit/year)
Total Expenses ($4,274/unit/year)
$23,592.96
$9,700.00
$16,800.00
$66,780.00
$2,800.00
$119,672.96
NET INCOME
$470,151.04
FLOOR PLAN
MAIN FLOOR 823 SF
BASEMENT 287 SF
SECOND FLOOR 823 SF
BUILDING SPECIFICATIONS
Building A - 4 Units (1930 SF)
Unit# 25-28
Building B, C, D, E – 16 Units (1646 SF)
Unit# 9-24
Building F & G – 8 Units (1646 SF)
Unit# 1-8
Hardwood Floor
EZ Lay Laminate Flooring
EZ Lay Laminate Flooring
Ceramic Tiles
Ceramic Tiles
Ceramic Tiles
Maple Cabinets
Maple Cabinets
Maple Cabinets
Stainless Steel Appliances
Stainless Steel Appliances
Stainless Steel Appliances
Maple Railing
Gas Fireplace
Gas Fireplace
Finished Basement ( 300 sq. ft. )
Stone Surround around Fireplace
Stone Surround around Fireplace
Gas Fireplace
Granite Countertops
Pot Lights
Stone Surround around Fireplace
Undermount Sinks
California Knock Down Ceilings
Granite Countertops
Pot Lights
Double Car Attached Garage
MDF Shelves
California Knock Down Ceilings
High Efficiency Furnace
Undermount Sinks
Tiled Back Splash
Premium Siding
Pot Lights
Double Car Attached Garage
Attached Balcony
California Knock Down Ceilings
High Efficiency Furnace
Mosiac Backsplash
Premium Siding
Double Car Attached Garage
Attached Balcony
High Efficiency Furnace
Premium Siding
Attached Balcony
AMIT GROVER
VICE PRESIDENT
780 969 3006
amit.grover@colliers.com
JANDIP DEOL
ASSOCIATE VICE PRESIDENT
780 969 3043
jandip.deol@colliers.com
JAMIE PATERSON *unlicensed
CLIENT PROJECT COORDINATOR
780 917 4153
jamie.paterson@colliers.com
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