628 2 Avenue Northwest

This was an off-market sale of a 10-unit apartment building in Sunnyside, Calgary. This transaction presented a strong going-in cap rate of a little under 5.50%, with a strong unit mix, and is well located in one of Calgary most desirable, tenant and transit friendly neighborhoods.

Despite market headwinds surrounding rental and vacancy rates, we were able to generate strong interest through our core investor network, resulting in multiple competing offers and a successful outcome for our client (the seller).