This new and notable transaction is 145 Elinor Ave., located east of Pharmacy Avenue and south of Ellesmere Road in Toronto. The property has a total of 21 two-storey townhouse units.

The property was purchased by a local, private investor for a total consideration of $3.3 million, representing a price per unit of $157,143. Developed in 1961, the property contains 12 two-bedroom units, eight three-bedroom units and one four-bedroom unit. The transaction was brokered by Skyview Realty Ltd.

Address: 145 Elinor Ave., Toronto, Ont.
Date of sale: March 3, 2014
Sale price: $3.3 million
Capitalization rate: 7 per cent
Total number of units: 21
Price per unit: $157,143

The vendor had acquired the property in August 2011, for a total consideration of $2.525,000, representing an adjusted price per unit of $129,762. It was estimated that approximately $200,000 in capital expenditures were required at the time of this sale. The adjusted sale price, after including the capital expenditures was $2,725,000, representing a price per unit of $129,762.

This “new and notable transaction” was provided by Richard Vilner, research manager at RealNet Canada Inc., a leading Canadian real estate information services company that powers the decisions of firms involved in approximately 75 per cent of the market activity. He can be reached at rvilner@realnet.ca.