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Yorkton Equity Group Inc. Announces Removal of All Conditions on Acquisition of The Dwell, a 188-Unit Luxury Multi-Family Residential Complex in Edmonton, Alberta, and Amendment of the Closing Date
(TheNewswire) Edmonton, Alberta – TheNewswire - (February 6, 2023)  ...
About this update from Yorkton Equity Group Inc
[{"type":"text","content":"Yorkton Equity Group Inc. Announces Removal of All Conditions on Acquisition of The Dwell, a 188-Unit Luxury Multi-Family Residential Complex in Edmonton, Alberta, and Amendment of the Closing Date\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Edmonton, Alberta\n \n \n –\n \n \n TheNewswire -\n \n \n (February 6, 2023) – Yorkton Equity Group Inc.\n(“Yorkton” or the “Company”) (TSXV:YEG) is pleased to announce\nthat after completing a thorough due diligence and evaluation process,\nthe Company has removed all buyer’s conditions for the acquisition\nof “The Dwell”, a very recently constructed one hundred and\neighty-eight (188) unit multi-family residential complex comprising of\ntwo luxury condominium grade buildings situated on approximately 3.31\nacres of land located in the Schonsee neighborhood at 5530 and 5538\nSchonsee Drive NW, Edmonton, Alberta (the “Property”) with a\npurchase price of $41,736,000.\n \n \n \n \n In addition, the closing date for the acquisition of\nThe Dwell has been amended from thirty (30) days following the waiver\nor satisfaction of all of the conditions to March 2, 2023 or sooner,\nat the discretion of the Company.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n The Property is comprised of 32 one-bedroom with one-bathroom suites,\n9 one-bedroom plus den with one-bathroom suites, 143 two-bedroom with\ntwo-bathroom suites, and 4 three-bedroom with two-bathroom suites.\nEach suite is equipped with in-suite laundry, 6 piece energy efficient\nstainless steel appliances, designer cabinetry with quartz countertops\nand full height tile backsplash, luxury flooring and lighting\npackages, upgraded bathroom and plumbing fixtures, air conditioning in\nselect units, 9-foot ceilings in all suites, energy efficient windows\nthroughout, together with one hundred and ninety-one (191) heated\nunderground parking stalls and seventy-three (73) surface parking\nstalls. The buildings are equipped with elevators serving all levels,\nwith a designated elevator and loading zone for move in/out access and\nfeaturing extra wide corridors and spacious lobby for ease of\nwheelchair access.  The Property also includes amenities such as...