Virginia Park Real Estate
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Welcome to Park Place in Virginia Park
Discover the unique charm and tranquility of Park Place, a low-rise apartment-style condominium located at 11115 74 St NW in the historic Virginia Park neighbourhood. This building is perfectly situated for those who appreciate a quiet, park-like setting with mature trees and a strong sense of community, all while being just minutes from downtown. Surrounded by green spaces and post-secondary education, Park Place offers a lifestyle of peace and convenience. Explore all Edmonton condos for sale to see how this exceptional property compares.
A Serene and Established Community
Park Place offers residents a peaceful retreat from the hustle and bustle of city life. The low-rise design fosters a quiet and friendly atmosphere, fitting in perfectly with the character of the Virginia Park neighbourhood, which is known for its beautiful historic homes and abundant green space.
Park Place Building Features
- Building Type: Low-rise apartment style.
- Historic Location: Situated in the beautiful and established Virginia Park community.
- Proximity to Education: Located next to Concordia University of Edmonton.
- Affordable Ownership: Provides a great opportunity for an accessible entry point into this desirable central neighbourhood.
- Parking: Offers convenient, assigned parking stalls for residents.
The Virginia Park Lifestyle
Living in Virginia Park is about being surrounded by nature, history, and community. The neighbourhood is one of Edmonton’s hidden gems, offering a suburban feel in a central location.
Education and Lifelong Learning
The building is located directly adjacent to the beautiful campus of Concordia University of Edmonton, making it an unbeatable location for students, faculty, and staff. The convenience of walking to class or work is a major lifestyle benefit.
Borden Park and the River Valley
Residents are just steps away from the recently revitalized Borden Park, which features stunning public art, formal gardens, a swimming pool, and walking paths. A short walk further connects you to the extensive trail system of the North Saskatchewan River Valley, providing endless opportunities for outdoor recreation.
Excellent Central Connectivity
Despite its peaceful setting, Park Place offers excellent access to the rest of the city. Wayne Gretzky Drive is just moments away, providing a quick route to north and south Edmonton. The nearby Coliseum LRT Station also offers a fast and efficient commute to the downtown core and the University of Alberta.
Real Estate at Park Place
Condos at Park Place are a fantastic choice for students, university employees, first-time homebuyers, and investors. The consistent demand from the university community ensures a stable rental market and makes this building a sound investment. Its location in the desirable and historic Virginia Park neighbourhood ensures lasting value and appeal.
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Common FAQs
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What amenities are available at Virginia Park condos?
Virginia Park condos offer amenities such as secure parking, a fitness center, and well-maintained common areas.
Are pets allowed in Virginia Park condos?
Yes, pets are allowed, but specific rules and restrictions may apply depending on the condo board’s policies.
How close is Virginia Park to downtown Edmonton?
Virginia Park is located just a short distance from downtown Edmonton, offering convenient access to shopping, dining, and entertainment.
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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.
