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Whitecourt multi-family asset trades for less than $100K per door

Strategic cold-calling delivers long-term value for purchaser
13-sunset-boulevard-whitecourt
A 21-unit multi-family property at 13 Sunset Blvd., Whitecourt, sold Nov. 26, 2024, for just over $2 million.

DEAL | A 21-unit multi-family property at 13 Sunset Blvd. in Whitecourt, Alberta, sold Nov. 26, 2024, in an off-market purchase secured through strategic cold-calling. Formerly owned by New Dynasty Real Estate Inc., the asset features 20 two-bedroom suites and one studio suite. Situated in a prime location near schools and the hospital, this property offers strong tenant appeal. The purchase price of $96,429 per door, financed through the Canada Mortgage and Housing Corp.’s MLI Select program, represented great value with maximum long-term investment potential. The buyer, Diamond Wall Properties Ltd., initiated renovations the day it took possession, setting the stage for increased property value and strong returns.

PRICE | $2,025,000

FROM | Priscilla Markus, eXp Realty