Crystallina
17904 - 78 Street NW, Edmonton, Alberta
The Offering
Institutional Property Advisors, a division of Marcus & Millichap, is pleased to present the exclusive opportunity to acquire Crystallina - a meticulously maintained and exceptionally constructed multifamily property located in Northeast Edmonton's master-planned community of Crystallina Nera. Comprising 184 units across three buildings, Crystallina is competitively amenitized with a modern tenant lounge, state-of-the-art fitness centre, energy efficient solar panels, and a community garden.
Crystallina represents an opportunity to obtain immediate and reliable cash flow from a stabilized asset in one Canada's most affordable and growing major markets.
Investment Highlights
STABILIZED ASSET WITH IMMEDIATE CASH FLOW
With a total of 184 suites and consistently strong in-place occupancy, the Property offers immediate and reliable cash flow with potential for further income growth.
AFFORDABLE AND GROWING MARKET
Edmonton is Canada's leading major market for rent growth. Driven by robust population growth, low vacancy rates, and limited supply, there has been sustained upward pressure on rents and demand for multifamily housing.
RENTAL UPSIDE AVAILABLE
Rents at Crystallina are currently below competitive market rents, providing an opportunity to increase rents upon turnovers and renewals.
ATTRACTIVE SUITE MIX AND LAYOUTS
The suites at Crystallina are of condo-quality, featuring open concept design, quartz countertops, stainless steel appliances, and natural light. There are six different suite types ranging from 593 sf to 961 sf.
With a total of 184 suites and consistently strong in-place occupancy, the Property offers immediate and reliable cash flow with potential for further income growth.
AFFORDABLE AND GROWING MARKET
Edmonton is Canada's leading major market for rent growth. Driven by robust population growth, low vacancy rates, and limited supply, there has been sustained upward pressure on rents and demand for multifamily housing.
RENTAL UPSIDE AVAILABLE
Rents at Crystallina are currently below competitive market rents, providing an opportunity to increase rents upon turnovers and renewals.
ATTRACTIVE SUITE MIX AND LAYOUTS
The suites at Crystallina are of condo-quality, featuring open concept design, quartz countertops, stainless steel appliances, and natural light. There are six different suite types ranging from 593 sf to 961 sf.
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