Price: $8,050,000
No. of Units: 74
Price/Unit: $108,783
Lot Size: 3.57 acres
Property Type: Multi-family
Zoning: R3
Date of Sale: 05/11/2017
City: Red Deer
Province: Alberta
Name of Brokerage: JLL Canada
JLL Canada’s Red Deer Portfolio has sold for $8 million, Western Investor has learned.
Two apartment buildings, The Norseman and The Pinesview, make up the Red Deer Portfolio brokered by JLL agent Samuel Dean. The wood-frame buildings total 74 units. Norseman has 24 units, while Pinesview has 50. The bulk of the units are two-bedroom suites. A significant number of units in both properties were renovated.
The buildings are located at 100 Piper Ave. and 31 Noble Ave., Red Deer.
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