Galen Lofts

Property Description

Galen Lofts (the "Property") is a five-storey concrete, mixed-use asset comprised of 35 furnished one-bedroom Residential Suites and 3 Commercial Rental Units located in Central Edmonton's most sought-after community of Garneau, located directly across from the University of Alberta Hospital. The asset showcases spacious one-bedroom suites with an average of 520 SF, as well as three commercial rental units ranging in size from 1,129-1,962 SF. Additionally, it boasts an income-producing parking lot, a prized amenity in the University area. Located in immediate proximity to the University of Alberta and Hospital, the Property offers quick access to the vast campus and excellent infrastructure including LRT transportation stops, theatres/auditoriums, fitness facilities, and a range of retail/dining destinations. Galen Lofts offers an exceptional opportunity to acquire a professionally managed multi-use property that is strategically positioned to benefit from the forecasted upswing of the Edmonton housing market, driven by an influx of both international immigration and interprovincial migration.