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Calgary's Hillcrest Apartments sold for $227K per suite

The 44-unit complex sold for a total of $10 million
hillcrest apartments
 
A 44-unit apartment building in Calgary has sold for $10 million, CBRE Edmonton reports. 
 
The six-storey apartment complex Hillcrest Apartments sold for approximately $227,272 per unit, on January 17, 2018. The National Apartment Group – Alberta and The National Investment Team – Calgary of CBRE brokered the sale. 
 
The property is located at 1711 25 Ave. SW, Calgary. 
 

Breakdown: 

 
Price: $10,000,000
No. of Units: 44
Price/Unit: $227,272
Property Type: Multi-family 
Date of Sale: 01/17/2018
City: Calgary
Province: Alberta 
Name of Brokerage: CBRE Edmonton
 

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