Type: Apartment
Location: Located on the south side of Dixon Road, west of Islington Avenue
Municipality: Etobicoke
Address: 263 Dixon Road, 265 Dixon Road
Sale date: February 23, 2022
Price: $141,000,000
Size (acres/SF/units): 352 units
Price per SF/unit/acre (if applicable): $400,568
Purchaser: Akelius Fastigheter AB (Akelius Canada Ltd.)  - Private Investor - Foreign
Brokers: Colliers International (Kyle Lindsay) - Listing, Colliers International (Tim Bristow) - Listing

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RECENT TOP TRANSACTIONS - Greater Toronto Area

FEATURED NOTABLE
TRANSACTION

Comments:  The property is improved with two 15-storey apartment buildings having a total livable floor area of approximately 304,345 square feet.

INSIGHTS & ANALYTICS

This chart displays the total dollar volume invested and the average price per unit on a quarterly basis for all apartment building transactions over $1M in the GTA.

Investment volume in the first six months of 2022 totalled over $1.9B, representing an increase of 30% as compared to the first half of 2021.

Investment volume in the second quarter of 2022 was 22% higher than the investment recorded in Q2 2021 and 10% higher than that of the previous quarter.

The average price per unit in Q2 2022 was $430,949, representing a 7% increase from the previous quarter and an 18% increase when compared to Q2 2021.

RECENT TOP TRANSACTIONS - Greater Golden Horseshoe

This chart displays the total dollar volume invested by region and the total number of apartment building transactions over $1M in the GTA.

A total of 129 transactions were recorded in the first half of 2022 representing a 9% increase from the first half of 2021.

Four out of the five regions in the GTA saw an increase in investment volume in the first half of 2022 when compared to the first half of 2021. The most notable was York Region which saw an increase of 57%, going from approximately $29.7M in the first half of 2021 to over $46.5M in the first half of 2022. Meanwhile, the Toronto region had the second highest increase, rising 41% and going from just over $954M to slightly more than $1.3B.

Peel region was the only region to experience a decrease in investment volume, rounding out the first half of 2022 with a total investment volume of $160M, a 14% decrease compared to the same period last year.

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Please note that all information in this newsletter is current as of distribution of this newsletter, but may be subject to change over the course of the development.