Academy Place Real Estate
Welcome to Academy Place
Experience the perfect fusion of vibrant city living and serene natural beauty at Academy Place, a well-established high-rise condominium located at 10011 116 St NW in the heart of Oliver[cite: 975, 976]. This building’s premier location, just steps from the North Saskatchewan River Valley and the bustling Jasper Avenue, offers a lifestyle of unparalleled convenience and recreation. For those seeking a distinguished address in one of Edmonton’s most sought-after communities, Academy Place is an exceptional choice. Explore all Edmonton condos for sale to see how this prime property compares.
City and Nature, Perfectly Combined
Life at Academy Place offers a unique balance. Imagine starting your day with a breathtaking sunrise view over the river valley from your balcony, enjoying a scenic walk along the Victoria Promenade, and then strolling to one of Jasper Avenue’s many cafes or restaurants. This building provides a tranquil home base with all the excitement of downtown living right at your fingertips.
Academy Place Building Features
- Building Type: A high-rise apartment-style condominium (APTHI)[cite: 977].
- Prestigious Oliver Address: Situated in a prime location at 10011 116 St NW[cite: 976].
- Stunning Views: As a high-rise, many suites feature spectacular, often unobstructed, views of the river valley or the downtown city skyline.
- Solid Construction: As an established concrete tower, the building offers excellent durability and sound reduction between units.
- Resident Amenities: Includes valuable amenities such as secure entry and resident parking, with many buildings of its vintage also featuring social rooms and fitness facilities.
The Best of the Oliver Lifestyle
Academy Place is perfectly positioned for residents to enjoy the best that central Edmonton has to offer.
Your Backyard: The River Valley
With the Victoria Promenade and the extensive river valley trail system just a block away, you have immediate access to North America’s largest urban parkland. It’s the perfect setting for year-round activities, from a summer evening stroll to a winter cross-country ski.
Unbeatable Walkability
The building boasts an excellent Walk Score. The shops, grocery stores, and services of Jasper Avenue are just a short walk away, as are the unique boutiques, art galleries, and acclaimed restaurants of the 124th Street district.
Excellent Transit Connections
Commuting is simple from Academy Place. The building is close to major bus routes on Jasper Avenue and is within walking distance of the Grandin LRT station, offering a quick and direct commute to the University of Alberta, NAIT, and other key destinations.
Real Estate at Academy Place
Condos in Academy Place have an enduring appeal due to their irreplaceable location. The building is a top choice for professionals, downsizers, and anyone who desires a premium urban address with direct access to nature. The often spacious floor plans and concrete construction offer lasting value, making it a stable and sought-after property in the Oliver real estate market.
Common FAQs
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What amenities are available at Academy Place condos?
Academy Place offers amenities such as secure underground parking, a fitness center, and well-maintained common areas.
Are pets allowed at Academy Place condos?
Yes, pets are allowed, but there may be specific restrictions or rules set by the condo board.
How close is Academy Place to downtown Edmonton attractions?
Academy Place is centrally located in downtown Edmonton, providing easy access to shopping, dining, entertainment, and public transportation.
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Condo Search FAQs
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What are condo fees and what do they typically cover?
Condo fees (or maintenance fees) are monthly contributions from each owner that go towards the building’s shared expenses. In Edmonton, these typically cover professional management, reserve fund contributions, landscaping, snow removal, common area maintenance (like hallways and lobbies), and building insurance. In many buildings, they also include utilities like heat and water.
What is a reserve fund and why is it important?
A reserve fund is a mandatory savings account maintained by the condo corporation to pay for major repairs and replacements of the building’s common elements over time (e.g., roof replacement, window upgrades, boiler replacement). A healthy reserve fund is crucial because it helps prevent large, unexpected “special assessments” (a lump-sum bill for each owner) when major work is needed.
Is buying a condo in Edmonton a good investment?
Condos can be an excellent investment in Edmonton, offering a more affordable entry point into the real estate market and a low-maintenance lifestyle. They are particularly popular in desirable areas like Downtown, Oliver, and near the University. Like any property, its value depends on location, the quality of the building’s management, and overall market trends.
What should I look for in the condo documents?
When you make an offer on a condo, it’s critical to review the condo documents. The key items to examine are the Reserve Fund Study (to ensure it’s well-funded), the annual budget, the board meeting minutes (to check for upcoming issues), and the bylaws (to understand rules regarding pets, renovations, etc.). We help all our clients navigate these documents to ensure they’re making a sound purchase.
What are the main benefits of condo living?
The primary benefits of condo living are a low-maintenance lifestyle (no shoveling snow or cutting grass), access to shared amenities (like fitness centres, pools, or social rooms), enhanced security, and often a lower purchase price compared to a single-family home in the same neighbourhood. It’s an ideal choice for first-time buyers, downsizers, and busy professionals.
