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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New: Investment Property in Cambridge sells for $45+ million http://bit.ly/dBYuxo
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Waterloo Region Commercial Real Estate Update: Large Investment … http://bit.ly/cfrxYY
This comment was originally posted on Twitter