A two-building rental complex in Alberta has sold for nearly $28.3 million, JLL Canada reports.
Waybury Park is comprised of 124 rental units, which sold for approximately $228,000 per unit. Waybury is the first phase of the 296-unit Salisbury Village complex. Constructed by Cove Properties, an award winning builder, Waybury Park has incredibly attractive curb appeal and built to condo specifications. JLL Capital Markets exclusively marketed the project from early in construction to full occupancy. The site is zoned for high-density residential development.
The property is located at 112 & 114 Tisbury St. in the Sherwood Park area of Alberta.
Breakdown:
Price: $28,277,027
No. of Units: 124
Price/Unit: $228,040
Lot Size: 2.52 acres
Property Type: Multi-family
Zoning: UV4
Date of Sale: 08/17/2017
City: Sherwood Park
Province: Alberta
Name of Brokerage: JLL Canada
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