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Yorkton Equity Group Inc. Announces the Completion of the Acquisition of a Townhouse Complex in Kelowna, British Columbia
(TheNewswire) Edmonton, Alberta – TheNewswire - July 12 th...
About this update from Yorkton Equity Group Inc
[{"type":"text","content":"Yorkton Equity Group Inc. Announces the Completion of the Acquisition of a Townhouse Complex in Kelowna, British Columbia\n \n \n (TheNewswire)\n \n \n \n Edmonton, Alberta\n \n \n –\n \n \n TheNewswire -\n \n \n July\n \n \n 12\n \n \n th\n \n \n , 2021 –\nYorkton Equity Group Inc. (“YEG” or the “Company”) (TSXV:YEG)\nis pleased to announce the completion of the acquisition of an upscale\ntownhouse complex, Larson Place, within the City of Kelowna, British\nColumbia (the “Property”).\n \n \n \n \n “The completion of the acquisition of the Kelowna\ntownhouse complex represents a significant milestone in the\nimplementation of our aggressive growth strategy in British Columbia\nand\n \n \n with the anticipated post-COVID boom,\nhistorically low interest rates, and anticipated increase in\nimmigration levels as announced by the federal government, there\nis now an unprecedented window of opportunity to invest in real\nestate, and we fully intend to take advantage of that opportunity.”\naccording to Mr. Ben Lui, President & CEO of the Company.\n \n \n \n \n The Property is a 19-unit two storey townhouse complex\nbuilt in 2019 and situated on a 36,155 sq ft land parcel with an\nappraised value of $8,900,000 (2021). Each spacious unit is well\nequipped with modern stainless-steel appliances, in-suite laundry, air\nconditioning, two parking stalls, and a fenced yard.\n \n \n \n \n Kelowna has become the third-largest metropolitan area\nin the province (after Vancouver and Victoria) with a growing\npopulation of 217,229. With scenic lake vistas, mild climate, and\nabundant recreational opportunities, Kelowna has become one of the\nfastest growing cities in North America. Kelowna's economy is diverse,\nwith a wide array of industries such as agriculture, manufacturing,\nhealthcare, tourism, and technology which has a combined\nmulti-billion-dollar regional impact.\n \n \n \n \n About Yorkton\n \n \n \n \n Yorkton Equity Group Inc. is a fully integrated\ngrowth-oriented real estate investment company committed to providing\nshareholders with growing assets through the accretive acquisitions,\norganic growth, and the active management of multi-family rental\nproperties with significant upside potential. Our geographical focus\nis in primary ...