Edmontown Downtown Condo Spotlight

Spotlight on condos for buyers in the Edmonton area

There are currently 7 blog entries related to this category.

Market Overview

After spending almost a year showing our client Gayle Monsma around the downtown condo market, we recently had the pleasure of assisting Gayle with the purchase of a wonderful unit in Seventh Street Lofts. Situated at 10309 107 Street NW Edmonton, Seventh Street Lofts has an interesting history.

The development was handled by Dub Architects and is comprised of 3 phases. Phase 1 and 3 are based on renovated earlier structures. The second and middle phase is new construction.

Phase 1 consists of a converted John Deere warehouse first constructed in 1929. This phase offers 40 units in total of which 20 are double bedroom units. Phase 2 provides 36 units and this part of the project provides direct access to the street in some

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1. What Are Special Assessments?

Special Assessments are a fact of life and should be understood not feared, when looking to buy condos in Edmonton.

In some cases, they arise because of some known repair or deficiency for which the Condo Board failed to collect sufficient reserve funds. However, some issues just crop up unexpectedly and the Condo Board has no choice but to organize the repair and charge the expense amongst the owners.

Contrast the above scenario with owning a single family home. Our home in Edmonton suffered extensive basement flooding a few years ago. There was no provincial assistance program and the insurance policy did not cover water table ingress. The result? A bill for more than $30,000 that we had to pay entirely on

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General Comments

Construction for this attractive concrete building started in 2004 and was completed in 2005. Built by Langham Properties Ltd and designed by the well-known Edmonton architect and musician Fraser Bruismead, it is reported that the building cost around $6.3 million dollars to construct.

The building offers 58 units across 14 floors. There is a gym complex for the use of residents and underground titled parking is provided with a total of 74 units. A pair of elevators make it easy to get up and down the tower.

Close to the downtown, city centre, river valley and Alberta Legislature, the higher units enjoy fantastic views across the Edmonton city skyline. A convenient Starbucks on the main floor and an easy walk to the Corona

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General Comments

Construction of the Quest building was completed in 2009. The builder was Regency Developments. This distinctive 22 floor concrete building is close to many of the sought after amenities in the downtown core including MacEwan University, the new arena and many restaurants. You can catch a bus right outside the front door. Regency Developments was aiming for a luxury experience when they created the Quest. Most units have hardwood floors, granite counter tops and stainless appliances. Many units have balcony views across the city skyline. All balconies come equipped with gas lines for barbecues. Condo owners in the Quest receive one titled heated underground parking stall as part of their purchase. Guests can park underground or at

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General Comments

Jasper House represents the first foray by Lamb Development Corp. into the Edmonton condo market. At the time of writing, (May 17, 2015) and according to the staff in the sales suite, the building is about 30% sold. We understand that the developer needs to see 50% of the units sold before construction will begin. We also understand that if things go to plan, construction will commence in the fall of 2015 with completion by 2018.

The building will be constructed primarily of concrete and comprise 287 units across 37 floors.

Overview

The Jasper House facade at street level will be modern, featuring long clean windows. Above the first few floors, the building will feature an outer skin of steel and glass. For Jasper House,

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General Comments

The Alta Vista in Railtown towers were built by Christensen Developments in a postmodern style. Construction of the north tower commenced in 2004 and was completed in 2005. The south tower was completed in 2008. Residents of these concrete constructed 12 floor towers enjoy underground parking, storage, a gym, a guest suite and close proximity to all of the amenities in the Edmonton downtown core. Note that this is an 18+ complex. Pets are allowed with board approval. 

Market Overview

At the time of writing, (May 13th, 2015) there are 15 units for sale across both towers, for an average value of $423,266. The least expensive unit is priced at $328,000 and the most expensive is $649,900.

Over the last 12 months the

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General Comments

These concrete framed towers located on 104th Avenue, and just north of Jasper Avenue, here in Edmonton are situated in what remains of the city's ‘warehouse district’ sometimes known as the ‘Fourth Street Promenade’. The North tower (Icon 2) has 30 floors and the South Tower, (Icon 1) 35 floors and they are easily one of the current landmark buildings across the Edmonton downtown core. These modern towers sit atop a brick rendered lower podium that features retail and professional office space designed to fit into the general streetscape. This look works well. As the eye moves up the building, the ultra-modern glass surface towers appear to launch right out of the roof for a dramatic effect. Built by Langham Developments, Icon 1

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