Le Louvre
11025 25 Avenue NW, Edmonton, Alberta
The Offering
Institutional Property Advisors, a division of Marcus & Millichap, has been exclusively retained by the vendor to exclusively present The Louvre (hereinafter, the “Property”) for sale. Located in South Edmonton, The Louvre stands as the premiere luxury multifamily development in the region.
Completed in 2022, this exceptional asset features 358 meticulously designed rental suites, complemented by over 9,000 sf of retail space, and an extensive array of upscale amenities, offering residents an unparalleled living experience.
The Property has exhibited outstanding performance within Edmonton's robust multifamily market, demonstrated through market-leading rental rates and consistently high occupancy levels. Ensuring maximum convenience, The Louvre features a 1:1 parking ratio and is strategically positioned adjacent to the Century Park Transit Station, making daily transportation throughout the city nearly seamless.
The Louvre represents a rare and compelling investment opportunity in one of Edmonton's most dynamic and rapidly growing neighbourhoods. With its modern design, premium amenities and exceptional transit accessibility, the Property is well-positioned to continue delivering strong cash flow and long-term value to an investor seeking a high-quality multifamily asset.
Investment Highlights
The Louvre offers exquisite suites adorned with top-tier finishes, featuring quartz countertops, flat panel cabinetry, stainless steel appliances, and a sophisticated individually controlled forced air heating and cooling system.
REMARKABLE SUCCESS
The Property boasts exceptional performance, commanding top-of-market rents while maintaining below-average vacancy levels. Since stabilization in 2023, The Louvre has consistently demonstrated a stable revenue stream with proven rent and occupancy thresholds.
COMPETITIVE AMENITY PACKAGE
The Louvre offers a wide array of amenities designed to enhance residents' quality of life, including top-of-the-line fitness centre, interior courtyard, yoga room, library, golf simulator, games room, private dog park, pet wash station, and 24-hour concierge.
RETAIL SPACE
The Louvre features +/- 9,609 SF of retail space, providing residents with convenient access to essential services and amenities.
TRANSIT-ORIENTED LOCATION
The Louvre is excellently situated in the centre of South Edmonton's unique urban oasis community Century Park. The Property is located just 200 metres from the Century Park Transit Centre, one of Edmonton's most utilized LRT stations, providing connectivity to all nodes of the city.
RENOWNED DEVELOPMENT TEAM
Procura Real Estate Services, a local Edmonton-based developer, proudly crafted The Louvre. With a well-established reputation and a proven track record, Procura is esteemed for its visionary approach to community development, skyline transformations, and innovative development practices.
