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THE PLEASANTVIEW FOURPLEX | EDMONTON, ALBERTA

An Investment in a Newly Constructed Multi-Family Property in Edmonton's Established Southside

Blue Bear Group Corporation (BBG Corp.) is pleased to announce the acquisition of the Pleasantview Fourplex, a newly constructed, purpose-built residential property located at 10633 60A Avenue NW in Edmonton's established Pleasantview neighbourhood. The property is designed to provide residents with modern, low-maintenance living while delivering stable, long-term returns for our investors in one of Edmonton's most accessible and well-connected communities.

Property Description

  • Property Type: Four-Plex with Legal Secondary Suites.
  • Address: 10633 60A Avenue NW, Edmonton, AB.
  • Legal Description: Plan 3756HW, Block 14, Lot 57.
  • Number of Units: 8 (4 upper units, 4 lower/secondary suites).
  • Number of Storeys: 2.
  • Builder: Magnificent Homes Ltd.
  • Total Building Area: Approximately 6,450 sq. ft. across all 8 units (4 upper units totalling 4,588 sq. ft. per the architectural drawings, plus 4 secondary suites totalling approximately 1,862 sq. ft.).
  • Estimated Completion: 2026.
  • Parking

Unit Details

  • Unit Mix: 4 units with 1 bedroom (lower level) and 4 units with 3 bedrooms (upper level).
  • Size Range: 
  • 1 Bedroom units are approximately 466 sq. ft.
  • 3 Bedroom units are approximately 1,147 sq. ft.

Property Analysis

  • Neighborhood: The property is located in Pleasantview, one of south Edmonton's established, mature communities, just steps from Southgate Centre and the Southgate LRT station.
  • Lifestyle: Pleasantview offers a quiet, tree-lined residential setting with immediate access to major shopping, transit, and recreation.
  • Connectivity: The property has quick access to Whitemud Drive and Calgary Trail, providing fast commutes across Edmonton and to the University of Alberta and downtown core.
  • Amenities: Residents are within walking distance of Southgate Centre, the Southgate LRT station, Mount Pleasant Elementary School, several parks, and the long-established Pleasantview Community League (est. 1946).

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Market Analysis

Edmonton Market Overview

  • Edmonton, Alberta: Edmonton is Alberta's capital and second-largest city, anchored by strong government, health care, energy, and technology employment.
  • Affordability: Edmonton remains the most affordable of Canada's six largest rental markets, with two-bedroom rents roughly 27% below Toronto and 29% below Vancouver.
  • Rental Market Dynamics: According to CMHC's most recent Rental Market Report, the Edmonton CMA purpose-built rental vacancy rate was 3.4–3.8%, within CMHC's estimated balanced range, with average two-bedroom rent at approximately $1,603 (up 3.5% year over year).

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