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Cascade Apartments near MacEwan University sold for $3.6 million

The rental complex has 33 units and sold for an average of 102K per suite
cascade apartments
Price: $3,366,000
No. of Units: 33
Price/Unit: $102,000
Lot Size: 22,504 SF
Property Type: Multi-family 
Zoning: RA8
Date of Sale: 05/15/2017
City: Edmonton    
Province: Alberta 
Name of Brokerage: CBRE Edmonton
Cascade Apartments near MacEwan University has just sold for $3.36 million, CBRE Edmonton reports. 
The rental complex is a three-storey, 30,000-square-foot building with 33 units. Of the 33 units, there are 20 one-bedroom units, 12 two-bedroom units and one bachelor suite. The property has an operating income of $330,931 and a 5 per cent vacancy rate. The property was originally listed for $3.85 million. 
Cascade Apartments is located at 10615 111 St., Edmonton. 


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