Rosenau Terrace is a new development designed to offer affordable, sustainable housing in west Edmonton

When completed, Rosenau Terrace will consist of 15 four-plexes and one duplex featuring two-story townhomes and separate basement suites with outdoor entrances. SUPPLIED ARTIST’S RENDERING

Affordability, innovation and sustainability are at the core of a new rental development in west Edmonton.

Rosenau Terrace in the community of Rosenthal will feature 15 four-plexes and one duplex, each with two-storey townhomes on top and separate-entry basement suites below. HOMEvest will develop and manage the property to ensure the residences are maintained to a high standard.

The goal is to create long-lasting rental homes that blend style and functionality while addressing the city’s growing needs for affordable housing.

“Ken Rosenau, the HOMEvest president, believes that Alberta — and especially Edmonton — is uniquely positioned with a combination of scalable infrastructure and affordable rental rates,” says Darren Hart, a partner at Homevest. “And with up to two million new Canadians arriving over the next three to four years, we saw a need to rethink affordability in the rental market.”

Located at 22315 88 Ave. N.W., Rosenau Terrace will 124 versatile units to accommodate singles, couples and families at various stages of life.

With the goal of sustainability and utility cost reduction for residents, HOMEvest is installing solar panels on each home in Rosenau Terrace, an initiative called SUNsave.

This commitment to sustainability and tenant comfort sets Rosenau Terrace apart from other rental communities, says Hart. Lowering energy costs for tenants addresses a critical aspect of affordability. It’s one of several initiatives developed to improve quality of life for residents. Hart says they hope that other developers start looking at other ways to achieve affordability in the rental market.

“Our other initiative, the WHISPERwall, was developed to help navigate one of the most common complaints in multi-family living, which is the noise between units,” says Hart.

TENANTtuff, another initiative at Rosenau Terrace, has the potential to add value for stakeholders in the rental market by emphasizing thoughtful design that uses high-quality materials and finishes that withstand wear and tear.

“TENANTtuff is a specification that we’ve created with three things in mind: style, durability and availability of the products used to build the home,” says Hart, explaining that by incorporating durable products that maintain their appearance over time, the need for repairs and renovations will be reduced, lowering costs both tenants and property managers.

And in terms of design and features, Rosenau Terrace will have it all. The two-storey main rental units — spanning 1,433 square feet — offer three bedrooms, two and a half bathrooms and a variety of modern features that ensure comfort and practicality. The open-concept design includes a large gourmet kitchen with an oversized island and quartz countertops, stainless steel appliances and a walk-in pantry. The living and dining areas provide ample space for entertaining, while in-suite laundry and storage further enhance the ease of living.

Below each main unit is a 550-square-foot basement suite, accessible via a separate exterior entrance. This one-bedroom, one-bathroom unit offers full amenities, including in-suite laundry and a kitchen equipped with stainless steel appliances. The layout is perfect for extended family members, renters seeking added privacy or those needing a smaller living space.

And, since Rosenau Terrace is in the west-end neighbourhood of Rosenthal, the community is near a range of amenities including the city’s largest transit hub at Lewis Farms, as well as a new recreational facility that will be less than two blocks from the new homes.

“The Lewis Farms Recreational Centre will be a state-of-the-art facility within walking distance of Rosenau Terrace,” says Hart. “It’s a great feature that will further draw people who will hopefully stay with us for a long time.”

HOMEvest’s vision for the future of rental is to build 1,000 high-quality and affordable rental units over the next five years, and Rosenau Terrace represents a forward-thinking approach to tackling the city’s housing crisis with sustainable solutions. With a proposed completion date within the next two years, interested renters are encouraged to visit www.homevestcorp.com for additional information.

This story was created by Joanne McGowan Content Works, Postmedia’s commercial content division, on behalf of HOMEvest inc.