Palfreyville Apartments 222 9 St NW 19 Unit Apartment Building $5,776,001 USD ($304,000 USD/Unit) 5.86% Cap Rate Calgary, AB T2N 1T2
INVESTMENT HIGHLIGHTS
- Situated in Northwest Calgary’s most desirable inner-city community of Sunnyside.
- Stunning architectural design and meticulous landscaping catering to a sophisticated rental demographic.
- High quality newer construction completed in 2017.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $5,776,001 USD |
| Price Per Unit | $304,000 USD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 29,093 SF |
| No. Stories | 5 |
| Year Built | 2016 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (99)
