5008/5016 – 4 Avenue SW, Edmonton, Alberta

F O R S A L E

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AVALON COURT

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THE OPPORTUNITY

JLL Capital Markets (the “Advisor”) has been retained by 1961735 Alberta Ltd. (the “Vendor”) on an exclusive basis to arrange for the sale of Avalon Court, located at 5008-4 Ave SW, Edmonton, Alberta (the “Property”). Ideally located in Southeast Edmonton, Avalon Court is a well-maintained, two building wood-frame apartment building complex featuring a total of 227 residential rental suites.

Avalon Court is marketed together with Amberywnd Apartments (609 King Street, Spruce Grove); (collectively, the “Properties” or the “Portfolio”). The Properties can be acquired as a Portfolio or on an individual basis

The Property is being offered with no asking price and no formal bid date. The Vendor reserves the right to call for offers at a future date. 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.

Please contact JLL Capital Markets for more information.

Municipal Address 5008 – 4 Avenue SW, Edmonton, Alberta - 117 Suites5008 – 4 Avenue SW, Edmonton, Alberta - 110 Suites

Neighbourhood Charlesworth

Legal Description Plan 1421789, Block 26, Lot 1A & Lot 2B

Site Size +/- 4.51 acres

Land Use Designation RA7 – Low Rise Apartment Zone

Construction Two wood-frame buildings

Storeys 4

Year Built 2015/2016

Suite Mix

One Bed + One Bath (809 sq. ft.) 2One Bed + One Bath + Den (809 sq. ft.) 8One Bed + Two Bath + Den (983 sq. ft.) 2Two Bed + Two Bath + Den (1,020 sq. ft. – 1,279 sq. ft.) 196Two Bed + Two Bath (1,140 sq. ft.) 8Two Bed + 2 ½ Bath – Two Storey (1,500 sq. ft.) 3Three Bed + 2 Bath (1,245 sq. ft.) 8Total 227

Average Suite Size 1,067 sq. ft.

Elevator Two per building

Building Features

Fitness facility in each buildingSecure FOB key accessVideo security in common areas and parkadeHeated underground parkingStorage lockersRental office

Parking217 Underground Parking Stalls105 Energized Surface Parking Stalls322 Total Parking Stalls

INVESTMENT HIGHLIGHTS

Convenient Building Features & Amenities: Avalon Court is a premium low-rise rental community with condo-quality finishes and attractive building features. Avalon Court is a secure building with keyless entry and video surveillance in all common areas and the parkade. Avalon Court has an on-site fitness facility as well as storage lockers and heated underground parking.

PROPERTY OVERVIEW

Strong Operating History: Rental rates at Avalon Court are consistent with the local competitive market and occupancy is currently superior to the market. Avalon Court has had a strong operating history since being built in 2015 & 2016.

Attractive Suite Mix & Design: The suites at Avalon Court have efficient and spacious floor plans that feature luxury vinyl planking, plush carpet, stainless steel appliances, granite countertops, soft close cabinets and drawers, large balconies, ample storage space and in-suite laundry. All suites also have roller blinds throughout and blackout blinds in the bedrooms.

AVALON COURT

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LOCATION OVERVIEW

Avalon Court is located within the Charlesworth neighbourhood of SoutheastEdmonton. Charlesworth is a new suburban neighbourhood known for being asafe, family-friendly community with a variety schools, playgrounds and walkingtrails. Avalon Court is located across from the Ivor Dent Sports Park, a 138-acre areaincluding 24 sports fields, a volleyball area, playground and four clubhouses. Withready access to arterial roadways such as Anthony Henday Drive and 50 Street SW,accessibility is a major hallmark of the Property. The Property is within proximity toa variety of services and amenities highlighted below. Notably, Real CanadianSuperstore is nearing completion in the adjacent Harvest Hills Makert.

*Above statistics are for a 2 km radius from the Property

AREA DEMOGRAPHICS:

Median Age: 33.4

Anticipated Population Growth (2019-2024): 1.93%

Average Household Income: $114,922

Population: 25,063

80% owned dwellings & 20% rented dwellings

Anthony Henday Dr

23 Ave NW

28 Ave NW

Ellerslie Rd SW

Pars

on’s

Rd

NW

91 S

t NW

66 S

t NW

Mill Woods Rd S

50 S

t SW

South Edmonton Common (8.1 km, 10 min)

2

Avalon Court

34 S

t SW

- Tiffin India’s Fresh Kitchen- Orangetheory Fitness - barBURRITO

Mill Woods Town Centre (3.8 km, 8 min)

216

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AvalonCourt

50 ST SW

4 AVE SW

25 minutes from DowntownEdmonton

9 minutes from South Edmonton

Common

15 minutes from Edmonton International

Airport

20 Minutes from University of

Alberta

2101, 10088 102 Avenue NW, Edmonton, AB T5J 2Z1

© 2021 Jones Lang LaSalle, Inc. All rights reserved. All information contained

herein is from sources deemed reliable; however, no representation or warranty

is made to the accuracy thereof. Jones Lang LaSalle Real Estate Services, Inc.

Offering Process

Jones Lang LaSalle Real Estate Services, Inc. (“JLL Capital Markets”, “JLL”, and/or the “Advisor”) has been exclusively retained by 1961735 Alberta Ltd. (the “Vendor”) to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detail information about the Property. The Property is being offered on an “as-is” basis with no asking price and no formal bid date. The Vendor reserves the right to call for offers at a future date.

Michael BetsalelExecutive Vice PresidentJLL National Multifamily Team647 728 0477 Michael.Betsalel@am.jll.com

Tyler HerderSales AssociateJLL Alberta Capital Markets780 328 2576Tyler.Herder@am.jll.com

Samuel DeanSenior Vice PresidentJLL Alberta Capital Markets780 328 2560Samuel.Dean@am.jll.com

Matt PickenManaging Director Head of Capital Markets, Canada416 304 6020 Matt.Picken@am.jll.com

For more information, please contact JLL: