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Apartment, Investment

Reliance Properties Acquires 1770 Davie St. in $43MM Deal

Reliance Properties has acquired a landmark apartment and retail property in the West End for $43,000,000. The building was built in 1958 and includes a 58-unit 16-storey concrete apartment highrise and three retail units including Milestones, and is prominently located at the intersection of Denman and Davie.

1770 DavieThe building had been listed for sale by Avison Young without an asking price and sold after receiving multiple offers.

June 15, 2016by david.taylor@colliers.com

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