10141 162 Street Northwest, Edmonton

Located on the west end of the Jasper Place neighbourhood, the Property sits in a prime location to take advantage of the popular commercial spaces of Mayfield Common and West Edmonton Mall, as well as public transit routes and an LRT line coming soon to the area. Mayfield Common is a popular shopping destination, with 29 stores in the mall and anchors outside such as Save-on-Foods and Value Village. West Edmonton Mall is the largest retail mall in Canada with 3.2 million SF of space providing shopping, recreation and employment for residents in West Edmonton.

The Property has access to these major commercial centres and the transit hub at WEM within a 5-minute drive, this convenience will extend to downtown and the rest of the city via the new Valley Line West LRT expansion that is under construction. Connecting the downtown core to the West end of the city at Lewis Farms, this expanding line can take west end residents to work, downtown events or connecting to other lines across the city.

• Transit and Commercial Amenities
• Three of the major commercial and shopping centres in West Edmonton are within a 2 km radius of the Property. Including West Edmonton Mall, which is a major provider of employment in the area and home to a large bus transit centre and future LRT station on the Valley Line West.
• Increased Market Rents
• Jasper Place and its surrounding communities are experiencing low vacancy despite market rental rates that have increased 10% over the last 12 months.
• Large Lot for Future Development
• The building sits on 37,469 SF of land that is zoned as RM h16, this would allow for a future multifamily development up to 16 meters with a maximum FAR of 2.3.
• Desirable Suite Mix
• Mix of 32 one-bedroom and 12 two-bedroom units with additional rental upside.