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Boardwalk REIT sells Edmonton apartment building

Private investor acquires 49-unit downtown rental property for $7.8 million
Valley Ridge Tower, a 49-unit multifamily building in downtown Edmonton, sold for $7.5 million, below its original asking price of $8.085 million. (CoStar)
Valley Ridge Tower, a 49-unit multifamily building in downtown Edmonton, sold for $7.5 million, below its original asking price of $8.085 million. (CoStar)
By Melissa Rosenberger with
CoStar Research
June 8, 2026 | 4:28 P.M.

Valley Ridge Tower, a 49-unit rental apartment building at 9830 105th St NW in Edmonton, Alberta, traded hands for $7.8 million, or $159,184 per unit. The seven-story, Class C concrete building was constructed in 1972 along the edge of Edmonton's River Valley, in the downtown core, near the city's financial and government districts.

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