This featured transaction is located at 646 Broadview Avenue, south of Danforth Avenue in Toronto. The property is improved with a 13-unit, three-storey apartment building.

The property was purchased for a total consideration of $2,465,000, resulting in a price per unit of $189,615. The property was constructed circa 1907, and contains one two-bedroom unit, 6 one-bedroom units and 6 bachelor units.

Date of sale: April 29, 2014

Sale price: $2,465,000

Capitalization rate: 4.8 per cent

Total number of units: 13

Price per unit: $189,615

Brokers: K.P. Gillen & Company and TFN Realty Inc.

The vendor had acquired the property in December, 2004, for a total consideration of $1,526,729.

New & Notable Transaction provided by Richard Vilner, research manager at RealNet Canada Inc. He can be reached at [email protected]