Student Rental Development & Recent Commercial Sales on Spruce in Waterloo, Ontario
There have been some notable commercial transactions in the area since 2008, including some of the student rental apartment buildings in the image above and below.
Most of the sales in the area over the past few years have been new construction development projects, where developers are assembling a number of lots, knocking them down, and building a larger property.
In terms of cash flow, the highest and best use in the area is student rentals.
Student Rental Development Parcel & Recent Commercial Sales on King in Waterloo, Ontario
There were taken today (March 12, 2010) so that big construction site is in the process of going up. That will certainly be a large apartment building!
For more information about the commercial real estate market in Waterloo Region, contact me today at Benjamin@BenjaminBach.com or call me at 519.772.4376.
KW Commercial is your one stop shop for commercial, investment, retail and multi family advice and brokerage in Waterloo Region.
(related: Notable Multi Family & Student Housing Transactions in Waterloo)
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