Yorkton Equity Group Inc. has completed the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for $46.0 million. The transaction, which closed on January 15, 2026, adds a property constructed in 2016 to Yorkton's growing portfolio of condominium-grade rental assets in the city. The purchase was funded through a combination of company cash for the down payment and a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million. The mortgage bears interest at a fixed rate of 3.692% for a five-year term and is amortized over fifty years.
The property was appraised at $46.75 million with a projected total annual revenue of approximately $3.6 million and a projected net operating income of approximately $2.2 million, representing a capitalization rate of approximately 4.9%. Located in the Crystallina Nera East neighborhood, the property consists of three condominium-quality buildings and a standalone amenity building situated on approximately 3.81 acres overlooking Crystallina Lake. The complex currently maintains a 98.4% occupancy rate, and Yorkton believes there is strong potential to grow the net operating income in coming years.
"Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio," said Ben Lui, President and CEO of Yorkton. "This follows our purchases of The Dwell and The Fuse and further increases our portfolio of high-quality rental properties in Edmonton. The city's growing population, healthy economy, and affordable housing market make it an ideal location for expanding our portfolio."
The property features 51 one-bedroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. All suites feature condominium-quality finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. Additional amenities include underground parking with 128 stalls, 150 surface parking stalls, a fully equipped fitness center, modern tenant lounge, leasing office, energy-efficient solar panels, community garden, and pet run.
This acquisition represents Yorkton's continued expansion in Western Canadian markets, particularly in Alberta where the company sees strong fundamentals for multi-family residential investments. The transaction demonstrates institutional confidence in Edmonton's rental market despite broader economic uncertainties, with the CMHC-insured mortgage providing favorable financing terms that support the investment's financial viability. Further information about Yorkton is available on the Company's website at https://www.yorktonequitygroup.com and the SEDAR+ website at https://www.sedarplus.ca.
