Apartment complex in Edson, Alberta sells for $44K per door

The 70-unit rental complex sold for $3.13 million this month

for Western Investor
March 21, 2017

edson manor
Price: $3,132,500
No. of Units: 70
Price/Unit: $44,750
Property Type: Multi-family 
Date of Sale: 03/15/17
City: Edson    
Province: Alberta 
Name of Brokerage: CBRE Edmonton 
Edson Manor in Alberta has sold for $3.13 million, The National Apartment Group of CBRE Edmonton tells Western Investor. 
The apartment complex has 70 units and sold this March for $44,750 per suite. The multi-family property is located in Edson, Alberta, a town of approximately 8,414 people in west-central Alberta. 
Edson Manor is located at 1015 57 St., Edson. 

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Bradley Gingerich is senior managing director of investments at IPA, a division of Marcus and Millichap.

Institutional Property Advisors
Suite 3400, 10180 101 Street
Edmonton, AB T5J 3S4
Direct: 587-756-1575

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