10740 109th St NW - Apartments FOR SALE


Edmonton, AB T5H 3B6- Central
$5,000,000 CAD
780-540-5422
10740 109th St NW, Edmonton, AB for Sale
$5,000,000 CAD
Apartments - FOR SALE
1/13
null | Request Cap Rate

10740 109th St NW
Edmonton, AB T5H 3B6
Central


HIGHLIGHTS

  • Renovated units with in-suite laundry in nine suites
  • Three penthouse units with private rooftop balconies
  • Keyless fob entry and dual-entry security camera system
  • Located near ICE District, Kingsway Mall, and MacEwan University
  • Future LRT line within walking distance enhances transit access
  • All windows scheduled for replacement by August 2025

OVERVIEW

Millennium Manor presents a compelling multifamily investment opportunity in Edmonton’s Queen Mary Park neighborhood, just north of the downtown core. This 30-unit wood-frame walk-up was constructed in 1972 and offers a balanced suite mix of bachelor, one-bedroom, two-bedroom, and three penthouse units with expansive rooftop balconies. The property sits on a 27,641 SF corner lot with excellent accessibility and includes 30 surface parking stalls, providing a 1:1 parking ratio. Recent renovations have modernized several units with upgraded flooring, cabinetry, and in-suite laundry in nine units. All windows—suite and common area—are scheduled for replacement by August 2025. Security enhancements include keyless fob entry and surveillance cameras at both entrances, while a water usage monitoring system adds operational efficiency. Located within walking distance of MacEwan University, NAIT, Kingsway Mall, and the ICE District, the property benefits from strong tenant demand driven by proximity to educational institutions, employment hubs, and retail amenities. The future LRT line along 104th Avenue will further enhance transit connectivity. With a 2KM radius population of over 62,000 and 73.6% renter occupancy, Millennium Manor is well-positioned for stable income and long-term appreciation.

FOR SALE DETAILS

PRICE

$5,000,000 CAD

PRICE/SF

$148 CAD /SF

# OF UNITS

30

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Millennium Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1980

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,908 SF

ZONING

DC2

APN/PARCEL ID

3253259

ASK ABOUT THIS PROPERTY

Jandip DeolAvison YoungMore Info
780-540-5422

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Jandip DeolAvison YoungMore Info
780-540-5422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.