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The Barracks 6855 NW Ad Astra Blvd 241 Unit Apartment Building $68,000,000 CAD ($282,158 CAD/Unit) Edmonton, AB T5E 6Z6



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.
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 | Building Class | B |
| Price Per Unit | $282,158 CAD | Lot Size | 2.90 AC |
| Sale Type | Investment | Building Size | 280,652 SF |
| No. Units | 241 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.03/1,000 SF |
| Zoning | GLRA - Griesbach Low Rise | ||
| 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
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The Barracks | 6855 NW Ad Astra Blvd
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