12847 50 Street Northwest

• Four-storey mixed-used building comprised of 66 rental units and 19,300 SF of commercial space.
• Attractive suite mix of 30% one bedrooms and 70% two bedrooms, with a large average suite size of 825 SF.
• Located in northeast Edmonton, an area that is historically under supplied for new purpose-built rental product.
• Far below replacement cost opportunity for new multifamily construction at $252 PSF (residential area only).

Property Description

Stella Place is conveniently located in the neighbourhood of Homesteader in northeast Edmonton. Residents of the Property benefit from having access to an abundance of entertainment, restaurants and shops within a 15 minute drive. Hermitage Square and Clareview Town Centre are less than a 10-minute drive from the Property. The Property offers residents exceptional walkability to major retail centres, transit, major employment nodes. The Property is within a 15-minute walk from the Belvedere LRT station providing convenient access to all corners of the city. The Property offers a seamless blend of convenience with urban living. The Property is located along 50th Street which is home to an array of retail tenants including grocery and warehouse stores, fast-food and dine-in restaurants, and healthcare facilities.