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• Clean, quiet and well maintained Property with attractive curb
appeal
• Conveniently located just outside the downtown core in Queen
Mary Park, with Kingsway Mall, Royal Alexandra Hospital, MacEwan
University, Oliver Square and the Brewery District all easily
accessible
• New roof and common area carpet in 2018
• New boiler in 2015
• Easy access to LRT, bus routes and major arterial roadways
10829 – 113 StreetEdmonton, AB
Charles ManorSamuel DeanSenior Vice President+1 780 328
[email protected]
Paul GemmelExecutive Vice President+1 780 328
[email protected]
Tyler HerderSales Associate+1 780 328
[email protected]
DISCLAIMERAlthough information has been obtained from sources
deemed reliable, neither Owner nor JLL makes any guarantees,
warranties or representations, express or implied, as to the
completeness or accuracy as to the information contained herein.
Any projections, opinions, assumptions or estimates used are for
example only. There may be differences between projected and actual
results, and those differences may be material. The Property may be
withdrawn without notice. Neither Owner nor JLL accepts any
liability for any loss or damage suffered by any party resulting
from reliance on this information. If the recipient of this
information has signed a confidentiality agreement regarding this
matter, this information is subject to the terms of that agreement.
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
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JLL Capital Markets, Multifamily, Alberta has been retained by
the Vendor on an exclusive basis to arrange for the sale of Charles
Manor.
Charles Manor is a well maintained, positive cash flowing, 2.5
storey apartment Property comprised of 17 suites with a desirable
mix of bachelor, one and two bedroom suites. The complex is
situated on a +/- 14,997 square foot lot within close proximity to
downtown, shopping, schools, restaurants, services and
amenities.
No offer, regardless of form or content, will create any binding
legal obligation upon the Vendor or the Advisor until fully
executed by the Vendor and Purchaser.
Charles Manor is being sold with an Asking Price of $2,014,500
($118,500 per suite). Current Financing to be assumed.
Please contact JLL for more information. Expressions of interest
will be dealt with as received.
Charles Manor
DISCLAIMERAlthough information has been obtained from sources
deemed reliable, neither Owner nor JLL makes any guarantees,
warranties or representations, express or implied, as to the
completeness or accuracy as to the information contained herein.
Any projections, opinions, assumptions or estimates used are for
example only. There may be differences between projected and actual
results, and those differences may be material. The Property may be
withdrawn without notice. Neither Owner nor JLL accepts any
liability for any loss or damage suffered by any party resulting
from reliance on this information. If the recipient of this
information has signed a confidentiality agreement regarding this
matter, this information is subject to the terms of that agreement.
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
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Charles Manor
Address: 10829 – 113 Street NW, Edmonton, AB
Neighbourhood: Queen Mary Park
Legal Description: Plan 751AH; Block 12; Lot 239
Project Type: 2.5 Storey walk-up, wood-frame construction
Year Built: 1968
# of Suites: 17
Suite Mix:Bachelor Suites (200 sq. ft.) ………………….2 (12%)One
Bedroom Suites (576 sq. ft.) …………....3 (18%)Two Bedroom Suites (720
sq. ft.) ……….....12 (70%)
Site Size: +/- 14,997 sq. ft.
Zoning: RA7 – Low Rise Apartment Zoning
Parking: Energized, Surface Parking Stalls
DISCLAIMERAlthough information has been obtained from sources
deemed reliable, neither Owner nor JLL makes any guarantees,
warranties or representations, express or implied, as to the
completeness or accuracy as to the information contained herein.
Any projections, opinions, assumptions or estimates used are for
example only. There may be differences between projected and actual
results, and those differences may be material. The Property may be
withdrawn without notice. Neither Owner nor JLL accepts any
liability for any loss or damage suffered by any party resulting
from reliance on this information. If the recipient of this
information has signed a confidentiality agreement regarding this
matter, this information is subject to the terms of that agreement.
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
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Income Analysis
DISCLAIMERAlthough information has been obtained from sources
deemed reliable, neither Owner nor JLL makes any guarantees,
warranties or representations, express or implied, as to the
completeness or accuracy as to the information contained herein.
Any projections, opinions, assumptions or estimates used are for
example only. There may be differences between projected and actual
results, and those differences may be material. The Property may be
withdrawn without notice. Neither Owner nor JLL accepts any
liability for any loss or damage suffered by any party resulting
from reliance on this information. If the recipient of this
information has signed a confidentiality agreement regarding this
matter, this information is subject to the terms of that agreement.
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
Suite TypeSuite
CountAverage Size
(Sq. Ft.)Current
Avg. RentCurrent
Monthly RentProjected
Rent*Projected
Monthly Rent
Bachelor 2 200 $588 $1,175 $738 $1,476
One Bedroom 3 576 $815 $2,445 $901 $2,703
Two Bedroom 12 720 $939 $11,265 $1,059 $12,708
Potential Suite Revenue 17 $875 $14,885 $993 $16,887
Add: Laundry Revenue $16 $272 $16 $272
Gross Potential Revenue $15,157 $17,159
Gross Annual Income $181,884 $205,908
Less: Vacancy & Bad Debt Allowance 5.00% ($9,094)
($10,295)
Effective Gross Revenue $172,790 $195,613
Operating ExpensesPer Suite Per Year*
% ofCurrent EGR
CurrentAnnual
% ofProjected EGR
Projected Annual
Property Taxes –2018 Actual
$1,078 10.61% $18,332 9.37% $18,332
Insurance –Stabilized
$240 2.36% $4,080 2.09% $4,080
Utilities –Stabilized
$1,275 12.54% $21,675 11.08% $21,675
Repairs & Maintenance –Stabilized
$850 8.36% $14,450 7.39% $14,450
Caretaker/Salaries –Stabilized
$480 4.72% $8,160 4.17% $8,160
Management Fees –Stabilized
$356 ($403) 3.50% $6,048 3.50% $6,846
Advertising –Stabilized
$25 0.25% $425 0.22% $425
Misc. Expenses –Stabilized
$25 0.25% $425 0.22% $425
Total Operating Expenses $4,329 ($4,376) 42.59% $73,595 38.03%
$74,394
Net Operating Income $99,195 $121,219
*Per unit per year expense show both current and projected.
Projected rents are CMHC averages for Queen Mary Park.
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CHARLES MANOR
111TH AVENUE
107TH AVENUE
10
9T
HS
TR
EE
T
KINGSWAY MALL
NAIT
BREWERY DISTRICT
OLIVER SQUARE
MACEWAN UNIVERSITY
ROYAL ALEXANDRA HOSPITAL
DOWNTOWN
COMMONWEALTH
12
4T
HS
TR
EE
T
JASPER AVENUE
ICE DISTRICT
DISCLAIMERAlthough information has been obtained from sources
deemed reliable, neither Owner nor JLL makes any guarantees,
warranties or representations, express or implied, as to the
completeness or accuracy as to the information contained herein.
Any projections, opinions, assumptions or estimates used are for
example only. There may be differences between projected and actual
results, and those differences may be material. The Property may be
withdrawn without notice. Neither Owner nor JLL accepts any
liability for any loss or damage suffered by any party resulting
from reliance on this information. If the recipient of this
information has signed a confidentiality agreement regarding this
matter, this information is subject to the terms of that agreement.
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
Samuel DeanSenior Vice President780 328
[email protected]
Paul GemmelExecutive Vice President780 328
[email protected]
Tyler HerderSales Associate780 328
[email protected]
Contact us for more information,
N
Current CMHC Insured Peoples Trust Mortgage required to be
assumed.
• As of December 31, 2018• Remaining Principal: $815,167.40
• Interest Rate 2.38%
• Maturity Date: June 1, 2020
Current Debt Summary
