10706/10813 – 85 Avenue NW

Property Description

The Properties are located along 108 Street, directly east of the University of Alberta. Throughout the year, the Garneau neighbourhood is one of the busiest nodes in the Edmonton region. The area is filled with students, hospital workers, patients, faculty staff, retail employees and young professionals. Four blocks south of the Properties is 82nd Avenue, otherwise known as Whyte Avenue, which is home to many of the City’s most frequented cafes, restaurants, bars, clubs and lifestyle product and service providers. The immediate location is unlike any other Edmonton has to offer. With a plethora of world renowned health care services, including Edmonton’s largest hospital, educational facilities, craft eateries, boutique retail and multiple LRT stops, Garneau consistently reports the lowest vacancy rates in Edmonton. With little supply of new product in the immediate area, renovated units obtain the highest occupancy and continue to be the most sought after in the Edmonton market. The Properties are located a short 500 metres east of the University of Alberta North campus. With over 40,000 students from 156 countries, the U of A is consistently ranked in the top 100 universities globally. The North Campus is the oriignal campus for the University and is home to over 150 buildings spanning across 230 acres and 50 city blocks. Access to the U of A North Campus is provided by City of Edmonton roadways and sidewalks. Many students get to the campus by utilizing public transportation services. Public transportation to the U of A North Campus is provided by numerous bus routes and two stations on the City of Edmonton LRT system.