A multi-family development site in downtown Edmonton has sold in a judicial sale for $3.36 million, The National Apartment Group of CBRE Edmonton reports.
The Infiniti on 105 site has a proposed plans for a six-storey gauge steel and concrete frame building to include 112 units. The building is slated to include an underground, heated parkade and high-speed elevators. The site is just under an acre and has active building permits in place and well a partially built parkade and building structure.
The property is located at 11703 – 105 Ave., Edmonton.
Breakdown:
Price: $3,360,000
Lot Size: 0.9 acres
Property Type: Multi-family
Date of Sale: 07/17/2017
City: Edmonton
Province: Alberta
Name of Brokerage: CBRE Edmonton
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