Rental building in Edmonton's Canora neighbourhood sold for $1.47M

The 12-unit apartment sold for approximately $122,500 per unit

for Western Investor
August 20, 2018

An apartment building in one of Edmonton’s strongest rental subdivisions has sold for $1.47 million, Colliers International reports. 
The 12-unit residence in Canora sold for approximately $122,500 per unit. The neightbourhood originally consisted of mostly small, single-family detached houses that have largely been redeveloped into duplexes and low-rise apartments. The property is 13,791-square-feet and includes three one-bedroom suites and nine two-bedroom units. 
The property is located at 10225 156 St., Edmonton. 


Price: $1,470,000
No. of Units: 12
Price/Unit: $122,500
Lot Size: 13,791 SF 
Property Type: Multi-family 
Zoning: RA7
Date of Sale: 07/05/2018 
City: Edmonton    
Province: B.C. 
Name of Brokerage: Colliers International 
Name of Vendor: Triumph Properties Inc. 
Name of Buyer: Yeah Holdings Inc. 

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