DEAL | A 10-unit multi-family property at 320 9 St. NW in Calgary’s Sunnyside neighbourhood, sold Jan. 31 for $2.35 million. The price averaged $235,000 per door and achieved a cap rate of less than 3 per cent. The opportunity saw strong interest from investors across the country looking to buy in one of Calgary's superior core neighbourhoods. Sitting on a 0.13-acre lot with M-CG D72 zoning, the property has been professionally managed with recent upgrades to the hot water tank, boiler and all new windows. A purchaser also took advantage of a sizeable vendor take-back mortgage.
PRICE | $2,350,000
FROM | Nathan Legg, CDN Global Ltd.
