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Edmonton 75-acre development site sells for $6 million

The agricultural land on the Yellowhead Trail NW, seen as having potential for a residential development, sold for approximately $80,500 per acre.
Avison Young, Edmonton, for Western Investor

Property type: Land

Location: 20710 Yellowhead Trail NW, Edmonton

Size of land: 3,281,810 square feet

Size of land, in acres: 75.34 acres

Current zoning: AG-Agricultural

Potential development: Residential

List price: $6.55 million

Sale price: $6.07 million

Date of sale: August 11, 2021

Buyer: Rohit Group of Companies

Brokerage: Avison Young, Edmonton

Brokers: Reed Newnham, James Robertson and Darren Snider