- What Carlisle Group sold its Maple Crest Place development for $91.25m
- Why The developer completed the multi-building project last year
- What’s next Family-run Oneka Land Co. will add the property to its Edmonton rental portfolio
British Columbia-based Oneka Land Co. has bought a 365-unit rental property in Edmonton, Green Street News can reveal.
Maple Crest Place, a multi-building, low-rise development at 2701 Maple Way NW, traded for just over $91m, or $250,000/unit, on May 23. Marcus & Millichap’s IPA division handled the sale for Calgary-based developer Carlilse Group, which built the property from 2021 to 2023.
Units at Maple Crest Place range from one to three bedrooms, and the buildings are equipped with modern amenities and finishings, including a gym, patios, in-unit laundry and keyless entry.
The development is 15 km from downtown Edmonton and is just off two highways: Anthony Henday Drive and Whitemud Drive NW. It’s surrounded by other residential development, largely single-family homes.
Oneka, based in North Vancouver, is a family-owned and operated company that owns 24 multifamily rental properties in Alberta and Ontario. Its Alberta operations are in the Edmonton area, while its Ontario holdings are split between Kitchener and Barrie.
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