Investment Property in Cambridge Ontario sells for $45+ million

Last week we looked at  Two Waterloo Region Apartment Buildings that Sold For $45+ million.

Here is a video with some more information:

To recap, the investment property in Cambride, Ontario was purchased at a 5.7% cap rate.

Between both apartment buildings there are 225 units, and the average rent is above $1500 per month.

High valuation, but the properties generate premium income, are prestigious assets, and are very recent (6 years and 1 year) construction.

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