Monaco The Real Estate
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Welcome to The Monaco
Discover The Monaco, a low-rise condominium located at 10707 102 Av NW in the vibrant heart of Downtown Edmonton. This building offers an exceptional opportunity for affordable homeownership in a true “walker’s paradise,” with MacEwan University, the Ice District, and the downtown core all just a short stroll away. For first-time homebuyers, students, and investors, The Monaco is a smart choice for a connected urban lifestyle. Explore all Edmonton condos for sale to see how this property compares.
The Centre of Your Urban Lifestyle
Life at The Monaco is defined by convenience and walkability. Imagine a car-optional lifestyle where your commute to class or the office is a short walk, and world-class entertainment is just down the street. This location allows you to fully immerse yourself in the energy of central Edmonton, with shopping, dining, and transit options all within easy reach.
The Monaco Building Features
Building Type: A low-rise apartment-style condominium (APTLO).
Prime Downtown Location: Situated in the desirable Downtown community.
Affordable City Living: An excellent value for owning property on the edge of the downtown core.
Practical Convenience: Includes resident parking and a secure, low-maintenance living environment.
Life in Downtown Edmonton: Walk Everywhere
The building’s central location offers residents unparalleled access to some of the city’s most important destinations.
Steps from MacEwan University
The Monaco’s location is a dream for anyone connected to MacEwan University. The campus is just a short and easy walk away, making it a top choice for students, faculty, and staff looking to eliminate their daily commute.
Downtown and Ice District Access
The downtown business core and the excitement of Rogers Place and the Ice District are just a few blocks away. Enjoy easy access to NHL games, major concerts, and the vibrant nightlife of downtown Edmonton, all within walking distance.
Shopping and Transit
Major shopping centres like Kingsway Mall and Unity Square are conveniently close. For city-wide travel, the nearby MacEwan LRT station provides a fast and efficient connection to the University of Alberta, NAIT, and south Edmonton.
Real Estate at The Monaco
Condos at The Monaco are a highly sought-after investment due to their affordability and prime, walkable location. The consistent and high demand for housing from students at MacEwan University and professionals working downtown ensures a strong rental market. This makes The Monaco an exceptional choice for investors seeking a reliable income property, as well as for first-time buyers looking to build equity in a central location with lasting appeal.
Common FAQs
If you are in need of an EDMONTON Realtor right now, you can call us here.
How close is the Monaco to downtown Edmonton attractions and amenities?
Very close, the building is in downtown, within walking distance of transit, shopping, restaurants, and entertainment.
Is public transportation easily accessible from the Monaco?
Yes, the downtown location gives residents easy access to bus routes, walking distance to many city amenities, and close proximity to transit.
Is the Monaco a pet-friendly building?
Yes, certain units allow pets, typically cats or small dogs.
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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.
