College Plaza
Edmonton, Alberta
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Building size (SF) 15,000
- Price $2,079,000 CAD
Overview
Located in the heart of Westwood, within a 15-minute drive to NAIT, Kingsway Mall, Royal Alexandra Hospital, MacEwan University, and the ICE District. Westwood’s amenities and convenient location have made it an attractive neighbourhood for young professionals and families. Within close proximity to the NAIT LRT Line, College Plaza offers its residents convenient access to many other areas of the city.
College Plaza is surrounded by a diverse mix of residential build forms including single-family homes, townhomes, and apartments. As the prices for single-family homes continue to outpace wage increases, demand is shifting towards affordable rentals that provide convenient lifestyles. Low-rise assets like College Plaza, continue to capture the largest share of investor interest. This is attributed to their strong occupancy levels and ability to provide future NOI upside. Kingsway Mall is the second largest mall in Edmonton, with 174 stores and over 977,000 SF of retail space. Recently, the mall underwent 362,000 SF of renovations and announced that they will be bringing Walmart into their retail mix. With $300 million in total annual sales, the mall serves as a significant amenity for the surrounding neighbourhoods.