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Investment Highlights

  • ATTRACTIVE SUITE MIX
  • LUXURIOUS SUITES & AMENITIES
  • UTILITY RECOVERY REVENUE
  • SOUGHT AFTER LOCATION

Executive Summary

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.

Property Facts

Price $68,000,000 CAD
Price Per Unit $282,158 CAD
Sale Type Investment
No. Units 241
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 2.90 AC
Building Size 280,652 SF
Average Occupancy 100%
No. Stories 4
Year Built 2022
Parking Ratio 1.03/1,000 SF
Zoning GLRA - Griesbach Low Rise

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer
  • Island Kitchen

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fitness Center
  • Grill
  • Media Center/Movie Theatre
  • Package Service
  • Roof Terrace
  • Bicycle Storage
  • Elevator
  • Lounge
  • Pet Washing Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 55 - 662 - 784
2+2 170 - 919 - 1,042
3+2 16 - 1,310 - 1,397
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
  • Listing ID: 40807910

  • Date on Market: 2026-06-05

  • Last Updated:

  • Address: 6855 NW Ad Astra Blvd, Edmonton, AB T5E 6Z6

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