Multi Family

10557 62 Avenue NW – 7-Plex Multifamily Investment Opportunity in Allendale




10557 62 Avenue NW

We are excited to present a premier investment opportunity in the thriving Allendale neighborhood of Edmonton. This turnkey 7-plex development, strategically located near the University of Alberta, offers significant rental income potential and excellent return on investment (ROI).


Property Highlights:

  • Location: 10557 62 Avenue NW, Edmonton
  • Price: $1,999,999
  • Type: 7-Plex Development
  • Units:
    • 3 townhomes (1305 sqft each) with 3 bedrooms and 2.5 bathrooms
    • 3 legal basement suites (675 sqft each) with 1 bedroom and 1 bathroom
    • 1 garage suite with 2 bedrooms and 1 bathroom
  • Parking: 3 car parking garage
  • Completion: Fall 2024
  • Warranty: Progressive

Key Investment Features:

  • Prime Location: Situated in Allendale, close to the University of Alberta and southside amenities, ensuring high rental demand and low vacancy rates.
  • Turnkey Investment: Includes landscaping, interior finishings, blinds, and an appliance package, minimizing additional costs and hassle.
  • High ROI Potential: Strong rental demand due to proximity to educational institutions and urban amenities.

Community Highlights:

  • Vibrant Neighborhood: Allendale is home to around 3,500 residents, attracting families, young professionals, and students.
  • Excellent Accessibility: Major roadways like Calgary Trail and 109 Street provide easy access to downtown Edmonton and other parts of the city, complemented by several bus routes.
  • Ample Amenities: Close to parks, including Allendale Park and Rollie Miles Athletic Field, and the vibrant Whyte Avenue with various shopping, dining, and entertainment options.

Why Invest in Allendale?

Allendale’s blend of affordability and high-quality properties, combined with its strategic location near the University of Alberta and other key amenities, makes it a sought-after area for renters and buyers. This project offers a unique opportunity to capitalize on the neighborhood’s strong rental demand and vibrant community atmosphere.

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