For Sale

Property Details

  • Property Type: Multifamily - Low Rise
  • Units: 241
  • Neighbourhood: Griesbach
  • Avg Unit Size: 904 SF
  • Zoning: Griesbach Low Rise Apartment (GLRA)
  • Parking: Surface & Underground (1.03 ratio)
  • Year Built: 2022
  • Structure: Wood-Frame
  • List Price: $68,000,000 ($282,158/unit)
  • Site Size: 2.90 Acres

Location Overview

Developed by Canada Lands Company, Griesbach is one of Edmonton’s most distinctive residential communities. The community has won several development awards, including the first LEED-ND (Neighbourhood Development) Gold Certification in Edmonton. Master-planned to deliver a cohesive, high-quality living environment, the community is recognized for its walkable urban-village design, featuring tree-lined boulevards, interconnected pathways, lakes, parks, and neighbourhood gathering spaces. Nearly one-quarter of the community has been dedicated to outdoor amenities, distinguishing Griesbach from conventional suburban development and reinforcing the neighbourhood’s long-term residential appeal.

The Property sits within walking distance of the central park, community garden and Major General Griesbach School (K-9). Several family services are also close by, including a daycare and dental office directly across from the Property. Only a 4-minute drive away is The Village at Griesbach, a shopping centre destination within the community that holds small business retail, multiple restaurants, and is anchored by Shopper’s Drug Mart.

Investment Highlights

SOUGHT AFTER LOCATION

Griesbach is an award-winning neighbourhood and one of Edmonton’s premier master planned residential communities. Built to meet all the needs of its residents, Griesbach experiences some of the highest rental demand in the city. This is demonstrated by the Property’s above market occupancy rate of 97.1%.

LUXURIOUS SUITES & AMENITIES

The Property holds 241 spacious suites with fully equipped kitchens, in-suite laundry, storage and luxury finishes throughout. Residents enjoy the use of a state-of-the-art fitness centre, party room, outdoor BBQ area, theatre room and underground parking.
ATTRACTIVE SUITE MIX

Majority of the units (70.5%) are two bedroom/two bath layouts, with another 16 three-bedroom/two bath units built to cater to the strong rental demand in this area from family demographics. 22.8% of the suites are one-bedroom/one bath, providing an offering for couples, single professionals or downsizers.

UTILITY RECOVERY REVENUE

The Barracks has a sub‑metering contract with Metergy Solutions. Metergy monitors tenants' electricity and water use and remits those consumption charges to the owner (minus a small administrative fee); heating costs remain the responsibility of the building owner while tenants pay for their own water and electricity.

Marketing Materials

For Property Dataroom Access: Sign CA Here

Please use the form below for further information:


We will not send you spam or share your email address.