Waterloo
|
Ontario
Metropolitan Towers
2009
Year Purchased
97
Units
132
Parking Spaces
2016
Sold
The Project
We acquired 57 Union Street East in 2009. Located in downtown Waterloo within walking distance to Kitchener-Waterloo Hospital, the property consisted of two buildings made up of bachelor, 1 bedroom and 2 bedroom rental units. We completed a complete repositioning of the asset while under our management by modernizing the common areas.
We sold the property in 2016 for more than double the purchase price.