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
