Medium-density residential property sold for $4.2M

The Fort Saskatchewan apartment includes 38 suites

By
for Western Investor
August 16, 2018





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A Fort Saskatchewan apartment building has sold for $4.2 million, Colliers International tells Western Investor.  
 
Sherridon Court consists of 38 units, with a mix of 12 bachelor suites, 16 one-bedroom suites and ten two-bedrooms. About half of the units have been fully renovated, included all of the two-bedroom suites. The suites feature floor-to-ceiling windows allowing plenty of natural light. The 1.52-acre property also includes a large courtyard. 
 
The property is located at 9612 Sherridon Dr., Edmonton. 
 
 

Breakdown: 

 
Price: $4,200,000
No. of Units: 38
Price/Unit: $110,526
Lot Size: 1.52 acres 
Property Type: Multi-family 
Zoning: RMM
Date of Sale: 07/25/2018
City: Edmonton
Province: Alberta 
Name of Brokerage: Colliers International 
Name of Vendor: Dragana Sanchez Glowicki
Name of Buyer: 2118118 Alberta Ltd.
 
 
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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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