Spruce Grove multi-family property sold for $34.4 million

Low-rise apartment complex in Alberta town near Edmonton has 207 suites and fetched $166,473 per door

By
for Western Investor
November 8, 2019





dd spruce grove alberta multifamily building

A 207-suite, low-rise apartment complex in Spruce Grove, Alberta has been purchased for $34.46 million, or $166,473 per suite, reports JLL Canada.

Breakdown:

Property type: Multi-family rental complex

Number of units: 207

Location: 109-111 McLaughlin Drive, Spruce Grove, Alberta

Site size: 3.76 acres

Sale price: $34.46 million

Date of sale: September 2, 2019

Brokerage: JLL Canada

Broker: Samuel Dean 


Samuel Dean is a senior sales associate and JLL Edmonton, specializing in multi-residential real estate.

JLL Canada
Suite 2102, 10088 102 Ave.
Edmonton, AB T5J 2Z1
Direct: 780-328-2560

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