Kennedy Towers

Highlights

• Coveted Location
• High rise apartment buildings in the Strathcona neighborhood are extremely scarce, particularly along Saskatchewan Drive where most properties are condominiums. This rare offering provides a unique opportunity to acquire a highrise rental asset in a prime location. With the area expected to experience a 12.3% population growth over the next five years, this is an exceptional opportunity in a rapidly growing and highly sought-after node in Edmonton
• In recent years, the property has benefited from substantial capital investments, including comprehensive upgrades to the mechanical systems, roofing, elevators, and common areas. State of the art mechanical systems have been installed throughout the building, ensuring optimal performance and efficient utility consumption, while ensuring tenant safety.
• Rare Acquisition Opportunity
• Significant Capital Expenditures Completed
• Substantial Rental Upside
• The property is currently underperforming relative to market rental rates in the high-demand Strathcona area. There is a clear opportunity to increase revenue through a valueadd strategy, including in-suite renovations, common area improvements, and through parking and ancillary revenue strategies. With comparable renovated units in the area achieving significantly higher rents, repositioning the asset will yield strong cash flow growth and enhanced long-term value.
• This tower boasts a rare and enviable position on Saskatchewan Drive, offering unobstructed views of downtown Edmonton and direct access to the citys iconic river valley parks. Nestled in Strathconaone of Edmontons most desirable rental neighborhoodsthe property is surrounded by vibrant, walkable amenities including cafs, restaurants, boutiques, and cultural venues.

Location

Getting Around

• Walk Score ®

  86/100 Very Walkable

• Transit Score ®

  56/100 Good Transit

• Bike Score ®

  77/100 Very Bikeable

Points of Interest