Mark I Real Estate
Welcome to Mark I
[cite_start]Discover one of the most convenient locations for urban and campus living at Mark I, a low-rise condominium complex situated at 11245 109 Av NW[cite: 563, 564]. [cite_start]This building’s prime location in the Queen Mary Park neighbourhood[cite: 562, 567], directly adjacent to MacEwan University, makes it an unbeatable choice for students, faculty, and savvy real estate investors. For an affordable home or investment property with a truly “walk-everywhere” lifestyle, Mark I is a top contender. Explore all Edmonton condos for sale to see how this location compares.
The Ultimate Campus Lifestyle
Life at Mark I is defined by its unparalleled access to MacEwan University. Residents can enjoy a stress-free “walk-to-class” lifestyle, saving a significant amount of time and money on daily commutes and parking. This strategic location makes it one of the most practical and sought-after places to live for anyone connected to the institution.
Mark I Building Features
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- Building Type: A low-rise apartment-style condominium (APTLO)[cite: 564, 569].
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- Unbeatable MacEwan Proximity: Situated directly beside the MacEwan University campus in the Queen Mary Park community[cite: 562, 567].
- Premier Transit Access: Located just a short walk from the MacEwan LRT station.
- Affordable & Practical: An excellent, budget-friendly option for students, first-time buyers, and investors.
A Hub of Convenience in Queen Mary Park
The Queen Mary Park area is a vibrant and convenient community, anchored by its proximity to major institutions and transportation links.
Direct LRT Connection
The MacEwan LRT station is just a short walk away, offering a fast, one-seat ride to Downtown, the University of Alberta, and NAIT, making the entire city accessible without a car.
Shopping and Amenities
A short walk or transit ride takes you to major shopping at Unity Square, the Brewery District, and Kingsway Mall. The area is also well-serviced by local grocery stores and businesses.
Downtown and Ice District Access
The excitement of the Ice District and the entire downtown core is also within easy walking distance, placing world-class entertainment and dining options just minutes away.
Real Estate at Mark I
Condos at Mark I are a top-tier investment property. The constant and massive demand for housing from MacEwan University’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.
Common FAQs
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Are pets allowed in Mark I Condos?
Yes, Mark I Condos are pet-friendly, allowing residents to have pets in their units.
What are the typical condo fees at Mark I Condos?
Condo fees at Mark I Condos vary depending on the unit and size, but generally cover maintenance, common areas, and building upkeep.
Is Mark I Condos close to public transportation?
Yes, Mark I Condos are conveniently located near major public transportation routes, offering easy access to downtown Edmonton and surrounding areas.
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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.
