2016 Ended with a Bang


2016 ended with the late-December sale of the Phoenix Apartments at 1316 Carling Avenue in Ottawa for $31.415 Million or just over $150,000.00/unit. This 22-storey apartment building was built in 1968 and consists of 201 residential apartments plus six ground floor commercial units. Signalling continued interest in the Ottawa market, it was purchased by Homestead Land Holdings Limited, who now own more than 25,000 residential units across Ontario.

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