This featured transaction is located at 1625 Charles Street in Whitby, Ontario. The property, located south of Victoria Street West and west of Brock Street South, is improved with a 12-unit, three-storey apartment building.

The property was purchased for $1,335,000, resulting in a price per unit of $111,250. The property was built in 1968.

Date of sale: May 30, 2014

Sale price: $1,335,000

Capitalization rate: 5.6 per cent

Total number of units: 12

Price per unit: $111,250

Brokers: Re/Max First and Re/Max Rouge River

The property was on the market for approximately two months. The asking price for the property was $1.4 million.

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