The Churchill Apartments
10015 - 103 Avenue NW, Edmonton, AB
For Sale
Property Details
- Property Type: Multifamily - Mixed-Use Highrise
- Residential Units: 195 Units
- Neighbourhood: Downtown (City Centre)
- Commercial Space: 4 Bays (~20,000 SF)
- Zoning: Core Commercial Arts Zone (CCA)
- Year Built: 1967 (Full Restoration in 2025)
- Site Size 32,754 SF (0.75 Acres)
- Structure: Concrete (Cast-in-Place)
- List Price: $59,500,000
- Parking: 211 Underground Stalls
Location Overview
The Property benefits from excellent connectivity through the LRT network, with multiple stations within walking distance. An extensive pedway infrastructure links the Property to office towers, hotels, retail centres, and public institutions for easy commuting and shopping. This area is also close to the North Saskatchewan River Valley, providing quick access to trails, parks, and outdoor recreation.
Downtown Edmonton has undergone significant revitalization efforts in recent years, driven by investments in residential development, public spaces, entertainment districts, cycling infrastructure, and cultural programming. The City of Edmonton identifies the downtown core as a strategic economic and cultural hub intended to support long-term population growth, tourism, and urban vibrancy.
Investment Highlights
Fully Repositioned High-Rise
The Churchill Apartments underwent a complete interior restoration throughout 2024 & 2025. The work completed included full renovations to all residential units, a full refresh of the lobby, elevators, HVAC systems, and all common areas, and a complete replacement of all plumbing on the residential floors. This restoration also included the addition of several amenity spaces and 18 new suites on the 3rd floor where a commercial kitchen and dining area previously existed.
High Leverage Financing Available
The Property is being offered free and clear, providing purchasers with the ability to place new financing at acquisition. Confirmed by reputable multifamily lenders and mortgage brokers, the Property is eligible for MLI Select financing, offering prospective purchasers access to attractive high-leverage financing options.
Brand New Suites
Restoration of all 195 units completed a thorough upgrade of the tower to modern living standards. Suites now feature open concept kitchens with stainless steel appliances, in-suite laundry, modern flooring and fixtures and air conditioning. All new appliances installed come with 18 months of warranty remaining. Floorplans are offered with large bedrooms and city views in one, two- and three-bedroom configurations.
Central Location & Pedway Connection
Sitting adjacent to Edmonton’s City Hall and Churchill Square, the Property is located in an ideal location for public transit access and is walkable to all essential amenities, as well as countless employers and several educational facilities. It is also one of Edmonton’s only residential towers directly connected to the downtown pedway network, providing seamless indoor connection to Rogers Place, LRT stations, office towers, restaurants & retail locations.
Highly Amenitized Building
The Property provides amenity rich residential living with newly added amenity spaces for residents. These include a main lounge with communal kitchen and billiards table, a social lounge with gaming consoles and a golf simulator, a large fitness centre and an expansive 3rd floor rooftop patio space. Residents benefit from the indoor pedway connection to a host of walkable amenities and transit options in downtown Edmonton. The two-level underground parkade provides 211 secure parking stalls and storage lockers have been added on each floor for additional revenue opportunity.
Below Replacement Cost
At list price the property is offered below replacement cost at $247 PSF. Altus Group’s 2026 Canadian Cost Guide quotes Edmonton’s Cost PSF for 13–39 storey multifamily construction at $315–$385 PSF, and 40–60 storey at $325–$395 PSF.
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