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Edmonton 70-suite rental building sells at $168,000 per door

Oak Tower, located in the Oliver area of Alberta’s capital city, sold September 15 for $11.79 million.
Marcus & Millichap, Edmonton, for Western Investor
Oak tower edmonton
Marcus & Millichap, Edmonton, for Western Investor

Property type: Multi-family rental

Location: 11635 102 Avenue, Edmonton

Number of units: 70

Sale price: $11.79 million

Date of sale: September 15, 2021

Brokerage: Institutional Property Advisors, Marcus & Millichap, Edmonton.

Brokers: Bradyn Arth, Paul Chaput, Bradley Gingerich, senior managing director; and Jane Woertman