(originally posted at Investment Property in Cambridge Ontario sells for $45+ million on June 28th)

Large Apartment Building Sold in Cambridge Ontario

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

Here is a video with some more information on the sale:

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.

Related posts:

1. Kitchener Waterloo named #1 Investment Spot in Ontario by REIN, again
2. Student Rental Market Update – Waterloo, Ontario
3. Property Management for KW investment property
4. Apartment Building With Unbeatable Location in Kitchener Waterloo
5. Bauer in Waterloo filled, Cambridge place still half empty