Located north of Bloor Street West and west of Dufferin Street, this property is improved with a three-storey apartment building containing a total of 6 units.

The building was purchased for a total consideration of $1,080,500, representing a price per unit of $180,083. The asking price for this property was $1,099,000.

Date of Sale: August 13, 2014
Sale Price: $1,080,500
Capitalization Rate: 7.3 per cent
Total # of Units: 6
Price per Unit: $180,083
Brokers: RE/MAX Ultimate

The transaction was brokered by RE/MAX Ultimate, and the property was on the market for less than a month.

For the month of August, there were a total of nine apartment transactions that sold for over $1,000,000 in the Greater Toronto Area. The total dollar volume for these transactions amounted to $24,154,500. The average price per unit was $212,702, and the average capitalization rate was 4.97 per cent.

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