Greystone Heights apartments sold for $88K per door

The 76-unit Saskatoon apartment complex sold for $6.72 million

for Western Investor
April 11, 2018

greystone heights
A 76-unit apartment complex in Saskatoon has sold for $6.72 million, according the National Apartment Group of CBRE Edmonton. 
The property sold for approximately $88,539 per suite. Greystone Heights Apartments was purchased by Mainstreet Equity Corp. on March 19, 2018. The site is located near amenities such as Ruckers Amusment Centre, Greystone Park and the Real Canadian Superstore. 
The property is located at 8, 12, 16, 20 Bateman Cres, Saskatoon. 


Price: 6,729,000
No. of Units: 76
Price/Unit: $88,539
Property Type: Multi-family 
Date of Sale: 03/19/2018
City: Saskatoon 
Province: Saskatchewan
Name of Brokerage: CBRE Edmonton 
Name of Buyer: Mainstreet Equity Corp. 

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Bradley Gingerich is senior managing director of investments at IPA, a division of Marcus and Millichap.

Institutional Property Advisors
Suite 3400, 10180 101 Street
Edmonton, AB T5J 3S4
Direct: 587-756-1575

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