Investment with steady return from a Rental Pool

Monroe Kinloch

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REIN Member
This is an investment opportunity to purchase 4 Condominium apartment units in Edson, Alberta which are a part of a rental pool. I am marketing these units to consolidate my Real Estate portfolio into one geographic area. Contact me to discuss this investment opportunity,

Mr. Kinloch 780-914-9602, kinloch146@gmail.com



Edson has diversified economy: major oilfield services centre, trucking services, forestry, first class protective and emergency services, hospital and wide range of professional medical services, 18-hole golf course, indoor recreation and a large outdoor recreational area, activities, reasonable tax and utility rates, strategically located midway between Jasper and Edmonton on the very busy Yellowhead Highway 16, rail traffic switching yard for CN main line Edmonton to Vancouver.



This project was built and registered in 1978 as Condominium Plan 782-1578 and has 94 units in 2 separate buildings A (north) and B (south). The project is capably managed by Realty Canada Inc. with an onsite manager who deals with the matters related to the rental pool. There are 64 units in the rental pool and the January 2022 occupancy rate was 94%.

The units I am offering for sale are:
Door 111B 2 bedroom of 778 sq. ft. layout type “S” with the 2021 town assessed value of $76,740
Door 314B 2 bedroom of 776 sq. ft. layout type “S” with the 2021 town assessed value of $76,560
Door 201A 2 bedroom of 824 sq. ft. layout type “L” with the 2021 town assessed value of $79,440
Door 316A 3 bedroom of 980 sq. ft. layout type “E” with the 2021 town assessed value of $88,800

The 3 layout type sketches are attached with the photos.

The site photos are described thus:
01 Edson, AB Mtn Vista Bldg A 20210625
02 Edson, AB Mtn Vista Bldg A 2021062503
03 Edson Mtn Vista Back Bldg A 20210625
04 Edson Mtn Vista front Bldg A 2021062505
05 Edson Mtn Vista front Bldg B 20210625

A Google 2021 map is also attached: Edson Mtn Vista Google June 2021
 

Attachments

  • 01 Edson Mtn Vista Back Bldg A 20210625 - Copy.jpg
    01 Edson Mtn Vista Back Bldg A 20210625 - Copy.jpg
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  • 02 Edson, AB Mtn Vista Bldg A 20210625 - Copy (2).jpg
    02 Edson, AB Mtn Vista Bldg A 20210625 - Copy (2).jpg
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  • 03 Edson, AB Mtn Vista Bldg A 20210625copy 2.jpg.jpg
    03 Edson, AB Mtn Vista Bldg A 20210625copy 2.jpg.jpg
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  • 04 Edson Mtn Vista front Bldg A 20210625 copy2.jpg
    04 Edson Mtn Vista front Bldg A 20210625 copy2.jpg
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  • 05 Edson Mtn Vista front Bldg B 20210625Copy2.jpg
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  • Edson Mtn Vista Google June 2021 - Copy.JPG
    Edson Mtn Vista Google June 2021 - Copy.JPG
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  • Edson 8968MOU1 type L 826 sqft.jpg
    Edson 8968MOU1 type L 826 sqft.jpg
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  • Edson 8968MOU2 type S 779 sqft.jpg
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  • Edson 8968MOU4 type E 980 sqft.jpg
    Edson 8968MOU4 type E 980 sqft.jpg
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