Abbey Park Residences

Property Description

Abbey Park Residences (the "Property") is a Six-Storey Wood Frame Building Comprised of 158 Suites Located in Central Edmonton's Oliver community. Abbey Park Residences is currently under development. Scheduled for completion mid 2024, the asset showcases spacious, one- and two-bedroom suites with generous windows, and the convenience of in-suite laundry. Additionally, it boasts contemporary building amenities like underground parking, modern gym, on-site leasing office and additional storage. Nestled in Oliver, in close proximity to Downtown Edmonton and its thriving job market, this area has emerged as an enticing location for apartment redevelopment, leading to the replacement of numerous original single-detached homes. As a result, Oliver has evolved into a densely populated neighborhood with an established commercial presence woven throughout.Abbey Park Residences offers an exceptional opportunity to acquire a modern and thoughtfully designed multi-family property that is strategically positioned to benefit from the forecasted above average rent growth in Alberta.