Regal Arms Apartments

Property feature image
Property gallery image
Property gallery image
Address: 11927 - 106 Street, Edmonton, Alberta, CA
Created date: January 19, 2024
Date last updated: March 27, 2024

Property Description

Regal Arms Apartments is situated in the centralized community of Westwood. The neighbourhood’s convenient location allows for easy access to the core of the city and is within a 10-minute drive to NAIT, Kingsway Mall, Royal Alexandra Hospital, MacEwan University, and the ICE District. Regal Arms is 1 KM from the NAIT LRT Line, providing its residents access to all corners of the city. The surrounding area continues to gentrify due to the on-going development of Blatchford, located just one street West of Westwood. Blatchford will feature over 80 acres of public parks and green spaces, public and Catholic schools, public plaza spaces, and will also add an additional LRT stop. Additional surrounding amenities includes Kingsway Mall, the second-largest mall in Edmonton, offering over 977,000 sq ft of retail space. The mall recently underwent significant renovations spanning 362,000 square feet including the addition of a Walmart Supercenter. Higher ownership costs and migration continues to accelerate demand for rental housing. The greatest beneficiaries of the increased demand are Edmonton’s urban core and surrounding neighbourhoods. Vacancy has continued to decline decreasing by 1.4% from Q3 2022 to Q4 2022 (Zonda Urban, 2023). Value for existing rentals is expected to increase as decreasing vacancy rates put upward pressure on existing rents.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $2,247,000
No. of Units: 21
Lot Size: 0.34 Sq ft
Opportunity Zone: No
Price per unit: $107,000
Property Website Click Here
Address: 11927 - 106 Street, Edmonton, AB T5G 2R4, Canada
Provided by:

Similar Properties in the Area

1023 Esquimalt Road

Esquimalt , British Columbia
Canada + Apartments
Units: 48
Price: $12,500,000

1305 Jervis Street

Vancouver , British Columbia
Canada + Apartments
Units: 24
Price: $10,800,000

Grand Lake Louisbourg Project, Cape Breton, Nova Scotia, Canada

Louisbourg , Nova Scotia
Canada + Apartments
Units: 450
Price: $9,800,000
popup background image