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Calgary 239-unit walk-up rental building sells for $38 million

All-cash deal nets well-managed property in popular Bridgeland-Riverside community.
Mainstreet Equity Corp. Calgary, for Western Investor
641 Meredith Road NE Calgary
Mainstreet Equity Corp. Calgary, for Western Investor

Property type: Multi-family rental

Location: 641 Meredith Road NE Calgary.

Number of units: 239

Year built: 1979

Price per suite: $159,435

Sale price: $38 million

Buyer: Mainstreet Equity Corp., Calgary