Located south of Highway 401 and west of Kennedy Road, this property is improved with a 10-storey co-operative apartment building containing 65 total units.

The apartment building was purchased for a total consideration of $9,700,000, representing a price per unit of $149,231. The property was built in 1989 and consists of 41 one-bedroom units and 24 two-bedroom units.

Date of Sale: July 24, 2014
Sale Price: $9,700,000
Capitalization Rate: 5.1%
Total # of Units: 65
Price per Unit: $149,231
Brokers: CBRE Limited

The Vendor had acquired the property in July 13, 2000 for a total consideration of $4,275,000, representing a price per unit of $59,375.

This new & notable transaction was provided by Richard Vilner, Research Manager at RealNet Canada Inc. Contact Richard at: [email protected]. RealNet Canada Inc. is the leading real estate information services company in Canada, powering the decisions of firms involved in approximately 75% of the market activity. www.realnet.ca.