Yorkton Acquires $46M Edmonton Multi-Family Complex The Crystallina

Yorkton Equity Group Inc. (TSX.V YEG) has taken a significant step forward in its expansion strategy by removing all buyer's conditions on its $46 million acquisition of The Crystallina, a premium 184-unit multi-family residential complex in Edmonton's desirable Crystallina Nera East neighborhood. The company, led by President and CEO Ben Lui, successfully waived the financing condition on October 16, 2025, after completing thorough due diligence, clearing the path for the transaction's expected closing on January 15, 2026. This marks Yorkton's third major acquisition in Edmonton following recent purchases of The Dwell (188 units) and The Fuse (125 units), demonstrating the company's aggressive growth trajectory in Alberta's robust rental market.

The financing structure for this substantial real estate transaction includes a Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million, secured through a commitment letter with favorable terms including a 50-year amortization period and an interest rate capped at 4% annually. Yorkton has already invested $1 million in non-refundable deposits toward the purchase, with the remaining balance to be covered by cash and the CMHC insured bank mortgage at closing. The property itself represents a premium investment opportunity, featuring three condominium-quality buildings constructed in 2016 on 3.81 acres of land, with suite configurations including 51 one-bedroom, 97 two-bedroom with one-bathroom, and 36 two-bedroom with two-bathroom units averaging 803 square feet each.

The Crystallina complex offers residents exceptional amenities that position it as a premium rental property in the Edmonton market. Each suite features high-end finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry, while the property boasts a modern tenant lounge, fully equipped fitness center, community garden, pet run, and energy-efficient solar panels. The development provides substantial parking with 128 underground stalls and 150 surface parking spaces, catering to the needs of modern urban residents. As Yorkton continues to expand its portfolio of premium rental properties in Western Canada, this acquisition strengthens the company's position in markets characterized by strong economic conditions, continued in-migration, and attractive affordability. Additional information about the company and this transaction can be found on their official website and through the SEDAR+ platform, while the original release remains available on www.newmediawire.com for those seeking comprehensive details about this significant real estate development.