DEAL | Bayside Towers at 1846 Nelson Street, a 10-storey 43-suite concrete rental tower built in 1964, sold June 20 for $20.45 million. The sale price works out to $475,581 per unit, and a cap rate of 3.4 per cent. Zoned RM-5B, the 0.2-acre lot has an underdeveloped southern portion that’s well-positioned for infill development to capitalize on growing housing demand in the rapidly changing West End neighbourhood.
PRICE | $20,450,000
FROM | Mark Goodman and Ian Brackett, Goodman Commercial Inc.
