This transaction is located on the north side of Finch Avenue West, east of Bathurst Street. The property is improved with a four-storey, 30-unit apartment building.

The apartment building was purchased for a total consideration of $4,300,000, representing a price per unit of $143,333. It was built circa 1962 and consists of primarily one and two bedroom units.

Date of Sale: June 13, 2014
Sale Price: $4,300,000
Capitalization Rate: 5.7 per cent
Total # of Units: 30
Price per Unit: $143,333
Brokers: Skyview Realty

The Vendor had acquired 50 per cent interest in the property in November 2008 for a total consideration of $1,275,000, representing an adjusted price per unit of $87,931.

This New & Notable Transaction was provided by Richard Vilner, Research Manager at RealNet Canada Inc. Contact Richard at: [email protected].