A four-building rental apartment portfolio in Victoria, totalling 110 units, has sold for $23.6 million, reports Colliers International.
Property type: Multi-family rental portfolio
Locations: 639 Constance Avenue, 646 Admirals Road, 431 Michigan Street and 850 Rupert Terrace, Victoria, B.C.
Number of units (total): 110
Property size (total): 82,836 square feet
Land size (total): 1.92 acres
List price: $23.6 million
Sale price: $23.6 million
Type of transaction: Off-market sale to investor
Date of sale: September 30, 2019
Brokerage: Colliers International, Victoria
Brokers: Ken Cloak, Grant Evans, Dominic Ricciuti, Robert Down and Dan Chatfield