Edmonton multi-family development site sold for $1.34M

The infill site is zoned for medium rise apartment development of more than 30 units

By
for Western Investor
August 23, 2018





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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Amit Grover has been a multifamily specialist with Colliers International since 2005 and is Vice President of the division.

Colliers International
2210 Manulife Place, 10180 - 101 Street
Edmonton, AB T5J 3S4
Office: 780-969-3006

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