Owners anxious over delayed $6.2M sale of condemned Edmonton condo building
CBC
Owners of a north Edmonton condo building evacuated in 2023 due to the risk of collapse are hopeful the troubled property will soon be sold, following months of delays in getting the deal done.
Cormode and Dickson Construction Ltd., an Edmonton-based commercial construction company, has made an offer to purchase Castledowns Pointe, as is, for $6.25 million.
The building at 12618 152nd Ave. has sat vacant since September 2023 when engineers investigating damage caused by a fire that March uncovered dangerous structural flaws unrelated to the flames.
Owners decided in January 2024 to sell the building and the land it sits on, rather than rebuild.
The court-sanctioned sale was originally expected to close in November but remains pending.
Officials with Cormode have denied that the deal is at risk but the condo board's legal team is making backup plans in case the sale falls through.
Lisa Brown, who owned a unit on the first floor where cracks had formed along the entry hallways, hopes the property can be sold quickly.
She and other owners have been left in limbo and their debts are mounting, she said.
"We were told that it was going to be over and done with and we could stop the bleeding," Brown said. "And really, the bleeding will continue until we get a final answer as to whether this is closing or not.
"It really just puts us on edge. And we've been on edge for coming up two years now."
Cormode's unconditional offer was formally accepted in the Court of King's Bench during a hearing in early October but the company has since asked for repeated extensions, the first of which pushed the closing date to the end of December.
The company later requested an additional extension to Jan. 31, which was accepted by the board following an emergency meeting with owners.
As part of the agreement, Cormode paid $31,000 to help the board cover the ongoing costs of maintaining the vacant building.
The sale will return to court for review on Jan. 17.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Health P.E.I. is collaborating with McMaster University in Ontario to help fast-track foreign-trained physicians become licenced work on the Island.
The Alberta Electric System Operator (AESO) is introducing temporary limit on how many new data centres can be added to the electrical grid, as the province experiences un unprecedented surge of project proposals.
Officials in British Columbia are warning of dangerous conditions for a raging wildfire on the B.C.-Alberta border in northeastern B.C., which has already resulted in evacuation orders.
A new 10-year education strategy being introduced in Yukon schools next year will test students' happiness, confidence and connection to the land, though the metric for measuring those goals haven't been shared yet.
Former astronaut and cabinet minister Marc Garneau has died. He was 76.
It's been a decade since Kathryn Furlan sat alone in the gallery of a Calgary courtroom but she returned Wednesday to bear witness, as the man who killed her daughter goes on trial a second time, once again accused of murdering a vulnerable woman he'd just met.
Ontario Premier Doug Ford's government has given itself the power to suspend provincial and municipal laws for chosen projects in areas it deems to have economic importance.
An N.W.T. man has been arrested and charged in connection with a reported assault in Fort Smith over the weekend.
Interim NDP Leader Don Davies says his party will be voting against the government's throne speech, meaning the Liberals will need to get support from another opposition party to survive the confidence vote.
As Alberta's measles case counts soar, doctors and scientists are warning parents about the long-term and lesser-known complications of measles.
Investigators with Toronto police are announcing arrests linked to a March shooting at the Piper Arms Pub in Scarborough where a dozen people were hurt.
Ontario Premier Doug Ford says he will "be all over" the federal government to retaliate against U.S. President Donald Trump's latest economic wallop to the steel and aluminum industry.
Two unique areas of Atlantic Canada recognized for their geological significance five years ago have been cautioned to make changes or risk losing their rare status as UNESCO Global Geoparks — a designation that puts them on bucket lists of people around the world.