Our Portfolio

Allard Residential lots

Facilitated the transaction for residential lots located in southwest Edmonton. This was acquired and now being constructed.

Charlesworth subdivision

Acquisiton of 100+ lots

McConachie subdivision

Acquisition of 100+ lots

Hawksridge Residential lots

Facilitated the transaction for residential lots that were in receivership. (Consulting)

Aristocrat Apartments

23 unit apartment located at 10719 110 Street Edmonton Alberta

Fraser Avenue Apartments

Location: 10008 Fraser Avenue

• Purchased April 2018.
• 5 Story steel structure building
• 24 Suites (mixture of one and two bedroom apartments)
• 16 underground parking stalls with 8 surface stalls
• Commercial retail unit located on the main floor

High-Density Residential

Project Highlights

• Ideally located in downtown Edmonton on the corner 103 Street and 98 Avenue, with unparalleled views of the Edmonton River Valley.
• 3 lots comprised of 22,500 square feet.
• High Density Residential zoning.
• Phase 1 Environmental Complete (available upon request).
• Topography and Site Plan Complete (available upon request).
• Geotechnical Report in-progress (expected completion date first week of May 2017).

Price:$ 2,925,000 ($130/sqft)
Down Payment:$ 925,000 ($41.11/sqft)
Vendor Financing: $ 2,000,000 ($88.89/sqft)
Interest Rate:5.0 % paid annually
Term: 3 years

The Townhomes of Salisbury Village

• 35 contemporary, flat roof, townhomes situated in Sherwood Park’s newest community of Salisbury Village.
• The community is ideally located near various dining, shopping and retail centres.
• Easy access to both Anthony Henday and Whitemud Drive, also designed to accommodate transit service to the area.
• Estimated time of completion: Summer 2019

Information & Pricing

• Starting from $320’s.
• 1570 square feet per unit.
• Total of 7 buildings with double attached garages.
• Pre-sales are available.

Fortune Apartments

21 unit apartment

• Key highlights:
  • Acquired through receivership/foreclosure from Scotiabank, National Bank of Canada and One stop Mortgage.
  • Purchased the building when it was fully condemned and non-operational
  • Completely renovated all 21 units including common areas.
• Effective Annual Return on investment = 66.76%
• Turnaround on investment = 214 days

401 Bothwell Drive

A total of 11 dwellings.

• Key highlights:
  • Acquired 11 fully serviced lots through receivership/foreclosure from MRQS Mortgage Corporation.
  • Revived both the development and building permit after 13 years (this was from the previous owners)
  • Worked closely with both Strathcona county and the Condo Association, where all deficiency were taken care of.
  • Fully developed and sold all 11 units.
• Effective Annual Return on investment = 32.05%
• Turnaround on investment = 730 days

McKenzie Apartments

12 unit apartment

• Key highlights:
  • Acquired through receivership/foreclosure from Scotiabank, TD bank and MCAP.
  • Purchased the building when it was fully condemned and non-operational
  • Completely renovated all 12 units including common areas.
• Effective Annual Return on investment = 58.12%
• Turnaround on investment = 314 days

VITA at Crystallina Nera

• Single family lots located in Northside Edmonton (approximately 180 Avenue and 82 Street) in a newly developed community.
• Conveniently located nearby indoor and outdoor recreation, schools, shopping and dining, and easy access throughout Edmonton via Anthony Henday Drive.
• Total of 17 RSL zoned lots available ranging from FF: 34’ & 38’
• Facilitated the sale of all 17 lots over 4 months.

69th Ave Warehouse

• Purchased from an Estate sale via Turner Reality
• Purchased for $ 825,000, currently appraised at $1,221,000
• Currently being renovated.

1768 Bowness Wynd

• Purchased 2 acres of remnant pieces of land.
• Subdivided it into 9 RSL lots rangind from 34-40 pocket lot sizes.
• Sold all 9 lots.
• Effective Annual Return on investment = 97.33%
• Turnaround on investment = 45 days

Steven Manor

12 units

• Key highlights:
  • Purchased through receivership/foreclosure from First National Bank
  • Building was completely condemned and non-operational.
  • Completely renovated all 12 units including the common area.
• Effective Annual Return on investment = 27.70%
• Turnaround on investment = 710 days

10351-61 Ave Warehouse

Warehouse situated off of Calgary Trail.

• Key highlights:
  • Acquired through receivership/foreclosure from CRA.
  • Purchased the building when it was fully condemned and non-operational
  • Completely renovated the entire warehouse and fully leased it.
  • Value was added through additional expansion of the previous existing building.
• Effective Annual Return on investment = 30.76%
• Turnaround on investment = 791 days

21 Residential Lots

21 residential lots located in McConachie, Northside Edmonton

Gateway Lands

Location: South Edmonton

• Size: 18 acres
• Zoning: CB2
• 18 acre land allows up to 7 acres of developable commercial land with ample parking

10211, 10213 & 10215 Main Street, Ft. McMurray

Situated in the Lower Townsite of Fort McMurray downtown, which contains a mixture of residential, industrial and retail properties.

• Site size: 15,600 sqft.
• Zoning: CBD1 – Central Business District – allows for intensive development of retail, office, residential and public uses in the central core of the urban service area
• Allowable Density: 5 FAR

Investment Overview

• Purchase Price: $820,000.00
• Sale Price: $1,075,000.00
• Total Gain: $255,000.00
• Turnaround (days): 245
• ROI: 31.1%
• Annualized ROI: 49.7%

Residential Land Transaction – St. Albert

AMRIK Developments provided expertise in facilitating the residential land sale of 40+ lots in St. Albert. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell these particular residential lots.

Residential Land Transaction – South Edmonton

AMRIK Developments provided expertise in facilitating the residential land sale of 60+ lots in South Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell these particular residential lots.

Strip Mall Plaza

Ideally located strip mall plazas encompassing a gas station, convenient store and three other tenants. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.

Commercial Land Transaction – Charlesworth

AMRIK Developments provided expertise in facilitating the commercial land sale of 1.68 acres in the community of Charlesworth in Southeast Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.

Commercial Land Transaction – Chapelle Gardens

AMRIK Developments provided expertise in facilitating the commercial land sale of 1.20 acres in the community of Chappelle Gardens in Southwest Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.

Residential Land Transaction – North Edmonton

AMRIK Developments provided expertise in facilitating the residential land sale of 20+ lots in North Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell these particular residential lots.

Commercial Land Transaction – Chappelle Gardens – 2.05 acres

AMRIK Developments provided expertise in facilitating the commercial land sale of 2.05 acres in the community of Chappelle Gardens in Southwest Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.

Commercial Land Transaction – Broadmoor Area

AMRIK Developments provided expertise in facilitating the commercial land sale of 1.01 acres in the Broadmoor Area in Sherwood Park. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.

Commercial Land Transaction – Henley Heights

AMRIK Developments provided expertise in facilitating the commercial land sale of 1.53 acres in the community of Henley Heights in West Edmonton. AMRIK worked diligently with all parties from the beginning to the end in order to successfully acquire and sell this particular commercial land site.