Devonshire Apartments
Edmonton, Alberta
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Building size (SF) 15,000
- Size (Ac) 0.17
- Price $1,720,000 CAD
Overview
THE DEVONSHIRE APARTMENTS ARE LOCATED DOWNTOWN IN THE HEART OF THE OLIVER
NEIGHBOURHOOD. The property is within walking distance to Downtown’s most visited facilities including Grant MacEwan University, the ICE District, Oliver Square, and the entertainment dense Jasper Avenue. With Edmonton holding fast as Canada’s largest and most affordable city, the economical appeal of the City remains elevated. Demand for rental housing continues to accelerate as interest rates, construction costs, and resale home prices remain above historical averages. The substantial increase of inter-provincial migration in the 2022 year due to the unaffordability of Canada’s larger cities makes Edmonton a safe place to land for those seeking affordability without sacrificing the vibrant metropolis lifestyle. With the consistent demographic of students and young adults frequenting the central part of the city, centrally located existing rentals are in high demand. The expected inflation and higher interest rates will continue to boost the rental market.