Edmonton rental building sells for $125K per door

Low-rise building with 27 units, located in central area close to light rail transit, fetches $2.19 million

By
for Western Investor
November 14, 2019





DD Edmonton central apartment building

A low-rise, 17-unit rental apartment building in central Edmonton, located close to light rail transit stops, has sold for $2.19 million — equal to more than $129,000 per suite, reports JLL Canada.

Breakdown:

Type of property: Multi-family rental building

Number of units: 17

Location: 10216-122 Street NW, Edmonton

Zoning: RA7 – low-rise apartment zone

Property size: 11,243 square feet

List price: $2.29 million

Sale price: $2.19 million

Date of sale: October 31, 2019

Brokerage: JLL Canada

Broker: Samuel Dean


Samuel Dean is a senior sales associate and JLL Edmonton, specializing in multi-residential real estate.

JLL Canada
Suite 2102, 10088 102 Ave.
Edmonton, AB T5J 2Z1
Direct: 780-328-2560

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