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Diamond Wall acquires 35-unit multi-family asset in Whitecourt

Sale price averaged $109,000 per door
4513 52 Avenue, Whitecourt
Diamond Wall Properties Ltd. acquired 4513 52 Avenue, Whitecourt, Alta., on Feb. 16 for $3.8 million.

DEAL | Diamond Wall Properties Ltd. acquired a 35-unit multi-family property at 4513 52 Avenue, Whitecourt, Alta., on Feb. 16 for $3.8 million. The average price per unit was $109,000. The purchase brings Diamond Wall’s total rental holdings in Whitecourt to 110 units. This latest expansion aligns with Diamond Wall’s vision of enhancing housing quality and fostering growth in the region. To this end, interior and exterior renovations of the property are underway, improving the asset while supporting local trades.

PRICE | $3,815,000

FROM | Priscilla Markus, eXp Realty