Madison III Real Estate
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Welcome to Madison III
Discover Madison III, a low-rise condominium building offering an unbeatable combination of location and value at 9919 111 St NW. Situated in the highly sought-after Grandin district of Oliver, this building provides an affordable opportunity to live in one of Edmonton’s most desirable urban communities. With the river valley, Legislature Grounds, and the Grandin LRT station all just a short walk away, Madison III is perfect for students, professionals, and first-time homebuyers. Learn more about the community in our complete guide to Oliver.
A Park-Like Setting in the Heart of the City
Life at Madison III allows you to enjoy a unique balance of tranquility and urban energy. Residents are surrounded by green space, with the beautiful Legislature Grounds and the vast river valley serving as a massive urban park right at their doorstep. This serene setting is perfectly paired with the convenience of being just blocks from the hustle and bustle of Jasper Avenue and the downtown core.
Madison III Building Features
- Building Type: A low-rise apartment-style condominium (APTLO).
- Sought-After Grandin Address: Located at 9919 111 St NW in the Oliver community.
- Affordable Entry-Point: An excellent value for owning property in a premium, transit-oriented area.
- Practical Living: Offers resident parking and a low-maintenance condo lifestyle.
The Grandin Lifestyle: Transit, Trails, and Tranquility
The building’s location in the Grandin district offers one of the most strategic and desirable lifestyles in the city.
Unbeatable LRT Access
A key feature of this location is the short walk to the Grandin LRT station. This provides a quick, weather-protected, one-stop commute to the University of Alberta and fast access to the entire downtown core and NAIT.
The River Valley as Your Backyard
The beautiful grounds of the Alberta Legislature and the expansive river valley trail system are just a few steps away. This provides an incredible backyard for year-round recreation, from summer festivals on the grounds to peaceful winter walks.
Walkable Urban Convenience
Despite its quiet setting, all urban conveniences are nearby. A short walk brings you to the restaurants and services on Jasper Avenue, as well as the unique shops and cafes of the High Street and 124th Street areas.
Real Estate at Madison III
Condos at MacEwan Place are a top-tier investment property. The constant and massive demand for housing from MacEwan’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 Madison III to downtown Edmonton attractions and services?
Madison III is located in the Grandin area, just steps from transit (LRT), shops, restaurants, and a short walk to downtown amenities.
Is public transportation easily accessible from Madison III?
Yes, the building is close to LRT transit, bus routes, and is within walking distance of many downtown amenities.
Is Madison III suitable for families?
Yes, the building and area are family-friendly, with parks and nearby schools.
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Condo Search FAQs
Ready to start your condo search? You can contact us here.
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.
