For Sale

Property Details

  • Property Type: Multifamily - Mid Rise
  • Zoning: Medium Scale Residential (RM h23)
  • Units: 64
  • Year Built: 1981
  • Parking 41 (Underground), 21 (Surface)
  • Structure: Concrete
  • List Price: $13,440,000 ($210,000/unit)
  • Site Size: 27,929 SF / 0.641 Acres

Location Overview

The Property is situated east of Downtown Edmonton, with direct sightlines toward the North Saskatchewan River Valley. Residents have immediate access to the river valley trail network, one of the largest urban park systems in North America that offers year-round walking, running, and cycling routes. The Royal Alberta Museum, Art Gallery of Alberta, City Hall, City Centre Mall, Rogers Place and the Winspear Centre are all within a short distance, placing tenants at the centre of Edmonton's cultural and civic life. Immediate access to the Downtown corridor provides everyday retail, dining, and service access.

Benefitting from rapid connectivity via 103 Avenue and Jasper Avenue, the property gives tenants direct access to the city's core employment districts and regional arterial network. The Stadium LRT station on the Capital Line is accessible to the north, with multiple ETS bus routes serving the immediate area, making the Property a practical choice for transit-dependent tenants. Cyclists are served by bike lanes on nearby streets, providing efficient connectivity to various amenities and key locations in the area.

Investment Highlights

Durable Concrete Construction

Originally developed as a condominium in 1981, the Property features a reinforced concrete structure, providing exceptional long-term durability, lower insurance costs, reduced maintenance requirements, and lasting investment security.

Recent Capex Completed

The Property has benefited from significant recent capital improvements, including full balcony restoration (2021), modernization of both elevators (2023), replacement of all windows and balcony doors, and the installation of a new make-up air (MUA) unit serving the common areas. New ownership will inherit a well-maintained asset with the most capital-intensive upgrades already completed.
Stabilized Asset with Strong Occupancy

Liberty Quarters operates at approximately 97% occupancy with an established tenant base, providing stable day-one cash flow. The suite mix is comprised of approximately 80% onebedroom units, complemented by a selection of spacious two- and three-bedroom bi-level suites that are well aligned with the rental demand profile of central Edmonton.

Strong Amenity Offerings

The Property features a dedicated fitness facility, an uncommon amenity among comparable rental buildings in the surrounding area. Fully accessible common areas and elevator service broaden the building’s appeal to a diverse tenant demographic, while its location just steps from the North Saskatchewan River Valley provides residents with direct access to one of North America’s largest urban trail networks.

Marketing Materials

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