222 9 St NW - Apartments FOR SALE


Calgary, AB T2N 1T2- North Hill/Downtown/Beltline
$7,990,000 CAD
403-215-7257
222 9 St NW, Calgary, AB for Sale
$7,990,000 CAD
Apartments - FOR SALE
1/6
null | 5.86% Cap Rate


HIGHLIGHTS

  • Situated in Northwest Calgary’s most desirable inner-city community of Sunnyside.
  • High quality newer construction completed in 2017.
  • Stunning architectural design and meticulous landscaping catering to a sophisticated rental demographic.

OVERVIEW

Palfreyville Apartments is a luxury boutique rental building completed in 2017, offering a total of 19 rental suites with a strong mix of two-bedroom units. The property features modern design, large suite sizes averaging 844 square feet, and a 21-stall secured underground heated parking garage. Currently 100% occupied, the property presents an opportunity to increase revenue by 6% in the near term and represents an unrepeatable opportunity to own a very high-quality purpose-built Apartment complex in one of Canada’s strongest rental markets.

FOR SALE DETAILS

PRICE

$7,990,000 CAD

PRICE/SF

$275 CAD /SF

# OF UNITS

19

PRICE/UNIT

$420,526

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palfreyville Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2016

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eric HorvathColliersMore Info
403-215-7257

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Eric HorvathColliersMore Info
403-215-7257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.