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Edmonton multi-family development site sold for $1.34M

The infill site is zoned for medium rise apartment development of more than 30 units
infill site
 
A multi-family development site in Edmonton has sold for $1.34 million, Colliers International tells Western Investor. 
 
The 15,281-square-foot lot is zoned for medium rise apartment development. The zoning allows for over 30 units. The property is located to many amenities including restaurants and green space. The site has annual holding revenue of over $24,000.
 
The property is located at 9724 82 Ave., Edmonton. 
 

Breakdown: 

 
Price: $1,340,000
Lot Size: 15,281 SF 
Property Type: Multi-family 
Zoning: RA8
Date of Sale: 05/31/2018 
City: Edmonton    
Province: Alberta 
Name of Brokerage: Colliers International  
 

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