Elan Place Real Estate
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Welcome to Elan Place
Discover the ultimate in convenience and value at Elan Place, a low-rise condominium complex located at 11916 104 St NW in the Westwood community. Perfectly positioned directly across from the Northern Alberta Institute of Technology (NAIT), this building is an unbeatable choice for students, faculty, and savvy real estate investors. Its prime location offers a “walk-to-class” lifestyle and incredible transit connections, making it one of the most practical and affordable options in the area. Explore all Edmonton condos for sale to see how this property compares.
The Ultimate Campus Lifestyle
Life at Elan Place is defined by its exceptional proximity to NAIT. Residents can enjoy the convenience of a short walk to campus, saving significant time and money on daily commutes and parking. This strategic location makes it a hub for student life and a highly sought-after address for anyone connected to the institution.
Elan Place Building Features
- Building Type: A low-rise apartment-style condominium (APTLO).
- Unbeatable NAIT Proximity: Located directly across the street from the NAIT campus.
- Affordable Ownership: An excellent, budget-friendly option perfect for entering the real estate market or for investment purposes.
- Transit at Your Doorstep: Situated near a major transit hub that includes the NAIT LRT station.
The Connected Westwood Lifestyle
The Westwood neighbourhood offers a blend of residential calm and incredible urban connectivity, anchored by its proximity to major institutions and transit hubs.
A Hub for Education and Health
Beyond its immediate access to NAIT, Elan Place is also a short commute from MacEwan University and the Royal Alexandra Hospital, making it a convenient home base for a wide range of students and professionals.
Premier Transit Access
The adjacent NAIT LRT station provides a direct, fast, and efficient connection to key destinations, including the downtown core, the University of Alberta, and south Edmonton, making a car-optional lifestyle a true reality.
Shopping and Amenities
Residents are just minutes from Kingsway Mall, one of Edmonton’s premier shopping destinations, offering a vast array of retail stores, services, and dining options. The area is also well-serviced by local grocery stores and businesses catering to the needs of the community.
Real Estate at Elan Place
Condos at Elan Place are a top-tier investment opportunity. The constant and overwhelming demand for housing from NAIT’s large student population creates a captive rental audience, ensuring low vacancy rates and a stable return on investment. It is an ideal choice for investors seeking a turnkey rental property, as well as for parents of students looking for a secure and convenient home for their children during their studies.
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Common FAQs
If you are in need of an EDMONTON Realtor right now, you can call us here.
How close is Elan Place to downtown Edmonton attractions?
Elan Place is within reasonable commuting distance and is located near public transit routes, making downtown and major amenities fairly accessible.
Are there outdoor spaces or nearby amenities around Elan Place?
Yes, the neighbourhood offers nearby access to transit, shopping, and amenities, making it convenient for everyday needs.
Is public transportation easily accessible from Elan Place?
Yes, buses and public transit are available nearby.
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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.
