A 10‑unit rental apartment building at 1035 West 12th Avenue in Fairview has changed hands for $2,895,000. The property sits on a 50′ × 125′ lot in the heart of Fairview.
Built in 1955, the three‑storey wood‑frame walk‑up is a classic example of mid‑century purpose‑built rental stock—simple, functional, and consistently in demand.
Key Deal Metrics
- Sale Price: $2,895,000
- Cap Rate: 4.9%
- Price per Unit: $289,500
- Lot Area: 6,229 sq. ft.
- Zoning: RM-3
The property was listed and sold by NAI Commercial: https://naiapartments.ca/property/1035-west-12th-ave/
