What are apartment buildings in Kitchener Waterloo selling for?
originally posted at: http://www.benjaminbach.com/?p=771
Multi-Family Housing in Waterloo Region
One of things I find myself talk to real estate investors about these days is the price of apartment buildings. Seems there are lots of people looking to acquire high quality investment property, but there is not a great supply of these buildings for sale.
Most owners are happy to hold their buildings now - multi family real estate is a notoriously stable investment during good times and bad (and stable investments are held in higher regard during recessionary times), but buyers are eager to deploy their capital into a stable asset.
This spread between available supply and current demand makes it a great time to sell your Kitchener Waterloo apartment building; case in point, we have seen quality properties come to market and receive multiple offers in the first few days.
Pricing an Apartment Building
If you were going to sell your property, how would you price it?
Right now, there is a large difference in ‘per suite’ asking prices for comparable buildings online, with several active listings being priced considerably higher than comparable recent sales.
Click play to watch this quick video we put together looking at the prices of apartment buildings in Kitchener Waterloo
If you have any questions about the multi-family investment market in Waterloo, or for a free list of apartment buildings for sale in the region, email me at Benjamin@BenjaminBach.com
KW Commercial is your one stop shop for commercial, investment, retail and multi family advice and brokerage in Waterloo Region.
Related posts:
- March 2010 Update: Kitchener Waterloo Commercial Real Estate Market
- Multi Family Transaction Volume in Canada Should Increase in 2010
- Two Apartment Buildings in Waterloo Region Sell For $45+ million
- Investment Property in Cambridge Ontario Sells for BIG Bucks
- Understanding Commercial Real Estate Terms pt1
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