Vegreville Apartment Complex Breaks Ground 

Rosanne Fortier - News Correspondent

Vegreville Town Council and attendees were filled with anticipation about the newly announced apartment complex in Vegreville as they joined the President of Build Bright Homes Ltd. Kuldeep Sharma for an official groundbreaking.

The Ceremony took place on October 1 at the location of the future complex, which will be built on a nearly 35,000-square-foot parcel of land located at 49 Avenue and 47 A Street near the Vegreville Multiplex and Ag Society.

This land was purchased from the Town of Vegreville for $60,250.

In a press release from Vegreville on October 1, it was cited that the site will accommodate a four-storey, 43-unit building along with on-site parking that meets the requirements outlined in the Town’s Land Use Bylaw. The project represents an investment of more than $3.5 million in the community.

Mayor Tim MacPhee expressed, “This apartment complex will help address Vegreville’s current housing demand and play a significant role in meeting the needs of our growing community. We know there is already a shortage of purpose-built rental units in Vegreville, and one of the most common concerns we hear from industries looking to invest here is where their future employees will live. This project represents not only a major investment in our community but also a timely one, as the current housing shortage has been a barrier to sustaining and expanding our economic growth.”

According to the Government of Alberta, Vegreville’s population has grown by nearly 5% since 2022, increasing from 5,819 to 6,109 residents. Additionally, the province’s 2024 Apartment Vacancy and Rental Cost Survey reports Vegreville’s apartment vacancy rate at just 0.6%, compared to 4.3% across rural Alberta — underscoring the need for new rental housing in the community.

This apartment complex is the latest in a series of multi-million-dollar investments made in Vegreville by Build Bright Homes. In 2024, the development company broke ground on seven homes in Foxview Estates and continues to advance work on a commercial development at Highway 16A and 49th Street.

On why he decided Vegreville was a good town to invest in properties, Sharma shared that he had worked with other towns in the past, and it was a great experience. He checked the market with realtors, and it seemed to be a fair market over here.   “Our companies have extensive experience working in communities similar in size to Vegreville, including Ardrossan and Drayton Valley, and we see tremendous potential here. We are committed to growing alongside Vegreville and are excited to continue making significant investments that support the community’s long-term growth and vitality.”Kuldeep Sharma, President, Build Bright Homes.

Kuldeep went on to say that everyone in town has been very supportive in working on these projects. They always give a quick response, which makes a big difference in construction. “I want to have more opportunities like this with the town and administration because we are here for the long term and want to grow together.” 

After this, members of Vegreville Town Council and local media were invited to tour the newly built homes at Foxview Estates. These homes are nearing completion and are currently listed with the local

realtors.

There was also a tour of the completed construction outside of the Plaza on 48 Street and 50 Avenue.

Town officials join Kuldeep Sharma, and Rahul Kaushal of Build Bright Homes for the groundbreaking of the new apartment complex.