How mortgage fraud costs Canadians and fuels organized crime
How mortgage fraud costs Canadians and fuels organized crime
Why Britain must look towards the ‘Great Dominion’: Matthew Bondy in CapX

New owner of historic Edmonton apartment building triples rent: Its insane [Video]

Categories
Canadian National News

Sitting in the shadow of newer, taller, more luxurious apartments overlooking Edmonton’s North Saskatchewan River valley is a hidden gem that residents adore.

“The place isn’t big. It’s got character but it’s not fancy,” said Joseph Rockwood.

He’s lived in the 26-suite Annamoe Mansion at 11950 100 Ave. for four years after being forced to leave the equally historic El-Mirador apartment building, which was demolished in 2021.

“The floors creak. Some of the radiators leak a little. We have had mice lately — it’s been addressed, as far as I’m concerned,” said Rockwood, who pays $880 a month in rent.

Tenants of the historic building along the Victoria Promenade on the western side of downtown Edmonton loved its charm and said the previous owner didn’t have trouble finding people to live there.

Story continues below advertisement

According to the city, the mansion was named for the town of Annamoe in County Wicklow, Ireland — the birthplace of the man who …

A Better Plan: Untangling jurisdictional webs, and reducing municipal regulatory burdens on housing
A Better Plan: Untangling jurisdictional webs, and reducing municipal regulatory burdens on housing
(Im)balance of power – How federal overreach fuels Western Alienation: Sonya Savage and Heather Exner-Pirot