Yorkton Equity Group Inc. (TSXV:YEG) announced today the successful closing of its acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta. The purchase, previously announced on October 24, 2025, was completed on January 15, 2026, for a total purchase price of $46.0 million.
The property, constructed in 2016, consists of three condominium-quality buildings and a standalone amenity building featuring a fitness centre, social room, and leasing office. It is situated on approximately 3.81 acres overlooking Crystallina Lake in the Crystallina Nera East neighborhood at 17904, 17908, 17912, and 17916 - 78 Street NW. The complex offers a mix of 51 one-bedroom, one-bathroom suites, 97 two-bedroom, one-bathroom suites, and 36 two-bedroom, two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. Each suite features an open-concept design, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. Amenities include underground parking with 128 stalls, 150 surface stalls, a fully equipped fitness centre, a tenant lounge, energy-efficient solar panels, a community garden, and a pet run.
The acquisition was funded through a combination of the Company’s cash for the down payment and a Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million. The mortgage bears interest at a fixed rate of 3.692% for a 5-year term and is amortized over 50 years. Yorkton paid a fee of 0.50% of the committed loan amount to a licensed mortgage broker for arranging the financing.
The Property was appraised at $46.75 million, with a projected total annual revenue of approximately $3.6 million and a projected total annual Net Operating Income (NOI) of approximately $2.2 million, representing a capitalization rate of approximately 4.9%. The occupancy rate currently stands at 98.4%. Yorkton believes there is strong potential to grow the NOI in the coming years.
“Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio,” said Ben Lui, President and CEO of Yorkton. “This follows our purchases of The Dwell (188 units) and The Fuse (125 units) and further increases our portfolio of high-quality, condominium-grade rental properties in Edmonton, Alberta. The city’s growing population, healthy economy, and affordable housing market make it an ideal location for expanding our portfolio. We look forward to successfully integrating The Crystallina into our portfolio and continuing our growth to enhance our profitable proposition for shareholders.”
Yorkton Equity Group Inc. is a growth-oriented real estate investment company focused on acquiring and managing multi-family rental properties in Alberta and British Columbia. With over 35 years of combined real estate experience, the management team aims to achieve growing NOI and asset values. For more information, visit the Company’s website at www.yorktonequitygroup.com or SEDAR+ at www.sedarplus.ca.
This acquisition strengthens Yorkton’s presence in Edmonton, a city with a growing population and healthy economy. The CMHC-insured mortgage with a low fixed rate and long amortization provides stable financing. The high occupancy rate and projected NOI indicate the property's strong income-generating potential, aligning with Yorkton’s strategy of accretive growth.
