- What A 90-unit rental townhome complex in Edmonton has traded
- Why The seller wanted to free up capital for other investments
- What next Platinum Properties Group purchased the complex
A 90-unit rental townhome complex in Edmonton has been purchased by Platinum Properties Group for $29.8m, Green Street News can reveal.
The Lakeside Townhomes at 21750 93 Ave NW were sold by Groupe Denux as the company seeks to free up more capital for other investments. Avison Young had the marketing assignment for the property.
Lakeside Townhomes, completed in 2022, has large three-bedroom suites with 2.5 bathrooms and dens. The units also include a two-car garage. The units rent for $2,150 and the property is fully occupied.
In west Edmonton’s Secord neighbourhood, the townhomes are surrounded by amenities and are 13 km west of downtown Edmonton. They are 4 km from West Edmonton Mall.
Based in Victoria, B.C., Groupe Denux owns several residential and commercial properties across Canada and one in France.
Platinum Properties Group, based in Vancouver, is a commercial and residential real estate firm.
