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FAQ: Yorkton Equity Group's Acquisition of The Crystallina in Edmonton
TL;DR
Yorkton Equity Group's acquisition of The Crystallina for $46 million provides a strategic advantage with a 98.4% occupancy rate and projected $2.2 million annual net operating income.
Yorkton funded the $46 million acquisition with cash and a CMHC-insured mortgage at 3.692% fixed for 5 years, amortized over 50 years, with a 4.9% capitalization rate.
This acquisition adds 184 condominium-quality rental units with modern amenities to Edmonton's housing market, supporting community needs through quality living spaces and sustainable features like solar panels.
The Crystallina features 184 units overlooking a scenic lake, with quartz countertops, underground parking, a fitness center, community garden, and pet run across 3.81 acres.
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Yorkton Equity Group Inc. has successfully closed the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta.
The acquisition was successfully completed on January 15, 2026, and was first announced on October 24, 2025.
The purchase price was $46.0 million, funded by a combination of the company's cash for the down payment and a CMHC-insured mortgage of approximately $44.3 million at a fixed interest rate of 3.692% for a 5-year term.
The property is located at 17904, 17908, 17912 and 17916 - 78 Street NW in Edmonton's Crystallina Nera East neighborhood, featuring three condominium-quality buildings on 3.81 acres overlooking Crystallina Lake with amenities including a fitness center, social room, and leasing office.
The property has a 98.4% occupancy rate, was appraised at $46.75 million, and has projected annual revenue of approximately $3.6 million with a projected Net Operating Income of approximately $2.2 million at a capitalization rate of about 4.9%.
The property has 51 one-bedroom/one-bathroom suites, 97 two-bedroom/one-bathroom suites, and 36 two-bedroom/two-bathroom suites averaging 803 square feet, with amenities including underground parking, fitness center, tenant lounge, solar panels, community garden, and pet run.
Yorkton views Edmonton as ideal due to its growing population, healthy economy, and affordable housing market, making it suitable for expanding their portfolio of high-quality, condominium-grade rental properties.
This acquisition adds another high-quality property to Yorkton's Edmonton portfolio following previous purchases of The Dwell and The Fuse, supporting the company's growth strategy to enhance shareholder value through accretive acquisitions and active property management.
The CMHC-insured mortgage is approximately $44.3 million with a fixed interest rate of 3.692% for a 5-year term, amortized over 50 years, with Yorkton paying a 0.50% fee to a mortgage broker for arranging the financing.
Yes, you can click here for images of the inside of the property.
Curated from NewMediaWire
