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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