121 West | ?m | 10s | Regency Developments | DER + Associates

[Vacs]

I've heard this building has a staggering amount of interest and move ins already. Will likely be close to full in a 3-4 months

 

[EdmTrekker]

Some of the second bedrooms in these units are so small with door placement really impacting the usability of what space there is. Like this one B2-12 the largest available which appears may accommodate a single bed and small dresser but not much else. The floorpan shows a double bed but at 8 feet you would need to push it against a wall. The other sizes are also pretty tight. For a family with one small child or baby it would be OK. https://121west.ca/suites/

 

[Vacs]

Some of the second bedrooms in these units are so small with door placement really impacting the usability of what space there is. Like this one B2-12 the largest available which appears may accommodate a single bed and small dresser but not much else. The floorpan shows a double bed but at 8 feet you would need to push it against a wall. The other sizes are also pretty tight. For a family with one small child or baby it would be OK. https://121west.ca/suites/

That's a very typical size for a 2nd bedroom in an apartment

 

[Seandroid]

I've heard this building has a staggering amount of interest and move ins already. Will likely be close to full in a 3-4 months

It’s honestly just because it’s new and it’s affordable. Rent prices in Edmonton are so wildly out of step with the quality of the units.

 

[Vacs]

It’s honestly just because it’s new and it’s affordable. Rent prices in Edmonton are so wildly out of step with the quality of the units.

Maybe so. But it shows what's needed in Edmonton. A lot less people can afford $2300/month to rent a 700sqft apartment

 

[strata]

Building is now on the market for the bargain asking price of $118,404,000

 

[Vacs]

Building is now on the market for the bargain asking price of $118,404,000

That averages a unit at $299k. It's on the high side but not unreasonable for a long term investment if you have that kind of money

 

[cliffapotamus]

Building is now on the market for the bargain asking price of $118,404,000

What are the significance of the numbers? 118 and 404 ('not found' or something?)?
I'm missing the joke here

 

[Vacs]

What are the significance of the numbers? 118 and 404 ('not found' or something?)?
I'm missing the joke here

My guess is that it works out to exactly $299k/unit x 396 units = $118,404,00

 

[cliffapotamus]

My guess is that it works out to exactly $299k/unit x 396 units = $118,404,00

wait, so they seriously want 120mil for this great grey monster? that seems inflated.

 

[Gronk!]

I want Regency to sell 121 West if only so that they can use the funds toward constructing Tower 101 and Emerald.

 

[KreationYEG]

 

[northlands]

I've heard this building has a staggering amount of interest and move ins already. Will likely be close to full in a 3-4 months

I went and checked it out. They claim about ~42% moved-in already in under 2 months, which given there are 396 units, is like a staggering <160 units in <60 days.

It's an interesting contrast to modern condo/purpose built rentals trends, esp here in Edm. There are zero amenities, parking not included ($125/mo extra), some limited storage available for extra $. Most floorplans had tiny bedrooms, tiny balconies. Finishes seemed OK but I'm not really the one to judge that stuff.

I do wonder what the consensus is on whether you need all the amenities to fill up units in purpose built rentals or if pure cheap as possible is the best option.

 

[IanO]

A market for every type/budget.

 

[Airboy]

Definitely student housing.