JASPER PLACE APARTMENTS

Jasper Place Apartments represents one of Gurvir Collective’s foundational multifamily investments and an important step in the growth of our real estate portfolio.

Acquired in 2023, this seven-unit apartment property is located in NW Edmonton, Alberta, in an area experiencing significant urban revitalization and growth.

The property consists of:

• Six spacious one-bedroom apartment units
• One two-bedroom townhouse-style unit

Following acquisition, the property underwent strategic improvements focused on modernizing building infrastructure and enhancing long-term operational performance. Key upgrades included the installation of a new boiler heating system, a commercial hot water system, and extensive improvements to several residential units.

Today, Jasper Place Apartments operates as a fully stabilized rental asset, with 100% occupancy and strong tenant demand, reflecting both the quality of the property and the strength of the surrounding neighborhood.

Jasper Place Apartments benefits from a highly desirable location in Edmonton’s west end, offering exceptional accessibility and convenience for residents.

The property is situated just steps from the LRT, providing direct transit connectivity to downtown Edmonton, the University of Alberta, and major employment centers throughout the city.

The surrounding neighborhood is undergoing significant transformation, combining established community character with new development, improved transit access, and growing local amenities.

Residents enjoy proximity to:

• LRT transit access
• Major retail and grocery services
• Parks and green spaces
• Schools and community amenities
• Easy access to downtown Edmonton

This combination of accessibility and neighborhood revitalization positions the property well for long-term appreciation and continued rental demand.

Since acquisition, Jasper Place Apartments has demonstrated the core principles that guide Gurvir Collective’s investment strategy:

• Strategic acquisition in strong rental markets
• Thoughtful building improvements
• Responsible long-term ownership
• Stable tenant occupancy and consistent cash flow

Today the property stands as a fully tenanted, well-performing multifamily asset, providing quality housing while contributing to the long-term growth of the Gurvir Collective portfolio.

Jasper Place Apartments represents an important milestone in the Gurvir Collective journey, serving as the company’s first multifamily repositioning project in Alberta.

The experience gained through this investment helped lay the groundwork for future developments, including our 81 Avenue Legacy Development in Edmonton’s Ritchie district.

As Gurvir Collective continues to expand, Jasper Place remains a key part of our long-term strategy of building high-quality rental housing in strong urban markets.