Park Place Oliver (Westmount) Real Estate
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Welcome to Park Place Oliver
Discover Park Place Oliver, a modern low-rise condominium offering a sophisticated lifestyle at 10535 122 St NW in the desirable Westmount community. This building enjoys a perfect location, nestled on a quiet street yet just a short walk from the vibrant energy of the 124th Street district. For those seeking contemporary design in a mature, walkable, and central neighbourhood, Park Place Oliver is an exceptional choice. Explore all Edmonton condos for sale to see how this property compares.
The Best of Westmount and Oliver
Life at Park Place Oliver offers a unique balance. Residents can enjoy the peace and quiet of Westmount’s beautiful, tree-lined streets while having the incredible urban amenities of the 124th Street district and the Oliver neighbourhood right at their fingertips. It’s a tranquil home base with a world of culture, dining, and shopping just steps away.
Park Place Oliver Building Features
- Building Type: A modern low-rise apartment-style condominium (APTLO).
- Prime Westmount Location: Situated at 10535 122 St NW, steps from 124th Street and the edge of Oliver.
- Contemporary Design: As a newer building in a mature area, it features modern finishes, open-concept layouts, and large windows.
- Secure & Convenient: Includes desirable amenities such as secure underground parking and a low-maintenance condo lifestyle.
A Walker’s Paradise
The location of Park Place Oliver boasts an exceptional Walk Score, placing some of the city’s best amenities within a few blocks.
The 124th Street District
Enjoy unparalleled access to the vibrant 124th Street area, a premier destination for boutique shopping, independent art galleries, and some of Edmonton’s most acclaimed cafes and fine dining restaurants.
Proximity to Ravines and Parks
For outdoor enthusiasts, the beautiful MacKinnon Ravine is just a short walk or bike ride away, connecting you to the extensive North Saskatchewan River Valley trail system for year-round recreation.
Excellent Central Connectivity
The building’s central location provides quick access to downtown, Oliver, and MacEwan University. Major transit routes are nearby, and the proximity to Groat Road makes for a fast commute to the University of Alberta and the south side.
Real Estate at Park Place Oliver
Modern, low-maintenance condos in walkable, mature neighbourhoods like Westmount are in high demand. Park Place Oliver appeals to a wide range of buyers, including young professionals, downsizers, and anyone who wants a sophisticated urban lifestyle with a quiet home base. Its prime location ensures that it is a strong real estate investment with lasting value.
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Common FAQs
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How close is Park Place Oliver to downtown amenities, transit, and local services?
Park Place Oliver is conveniently located near the downtown core, within walking distance to the Brewery District, shopping, transit, restaurants, and services.
Are pets allowed at Park Place Oliver?
What does the condo fee cover?
Condo fees are listed around C$346/month. They cover common-area maintenance, exterior maintenance, utilities for common areas (water/sewer), common-area insurance, snow/landscape maintenance, and professional management.
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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.
