Edmonton apartment building sold for $1.62M

The 15-unit property has undergone many recent upgrades

By
for Western Investor
August 16, 2018





greystone apartments
A 15-unit apartment building in Edmonton has sold for $1.62 million, Colliers International reports. 
 
Greystone Apartments is a well-maintained property located on a quiet residential street in Queen Mary Park. The building includes 14 two-bedroom units and one one-bedroom suite. Units have newer cabinetry, counter tops, back splashes, light fixtures, doors and bathrooms. The property is 15,000 square feet. 
 
The property is located at 10812 111 St., Edmonton. 
 

Breakdown:

 
Price: $1,627,500
No. of Units: 15
Price/Unit: $108,500
Lot Size: 15,000 SF
Property Type: Multi-family 
Zoning: RA7
Date of Sale: 07/05/2018
City: Edmonton
Province: Alberta 
Name of Brokerage: Colliers International
Name of Vendor: Vaxvick Holdings Ltd. 
Name of Buyer: Naturbana Properties (Alberta Ltd.) 
 

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