Reserve Properties, a Toronto-based asset management company, acquired the 60-unit apartment complex at 612 Dawes Rd. in Toronto, Ontario from YLC Asset Management Corp. for $9.775 million, or approximately $163,000 a unit.
The five-storey mid-rise was constructed in 1959 roughly 34 kilometers east of Toronto Pearson International Airport in the city's O'Connor-Parkview Multifamily submarket. Reserve has disclosed plans to renovate the complex...
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