New Benchmark in Parc Extension

The recent sale of a brand-new 7-unit property in Parc-Extension has set a new benchmark, representing an outstanding achievement both financially and within the local real estate landscape.

Located at 7525-7537 Wiseman, this is a new construction consisting of 7 high-quality units, distinguished by its strategic location and rarity in the sector. The builder, having constructed several hundred doors before, meticulously selected finishing details such as quartz countertops, 9-foot ceilings, large windows, and marble detailing in the bathrooms to enhance the rental value and provide a unique product for investors.

The property was sold for an impressive amount of $2,475,000, establishing a new record for price per door in Parc-Extension. This remarkable transaction stands out due to the low inventory and emphasizes the high demand for new and recent multifamily constructions.

I am proud to have highlighted a newly constructed building in an area where this type of product is very rare. The achievement of this record price is linked to a strategic approach, combining the unique features of a new construction with a deep understanding of local market trends that demand new developments.

Beyond its immediate impact, this record-breaking sale is likely to influence future pricing and investment decisions in Parc-Extension, reflecting the growth and potential of the new real estate sector.

The sale of this new build property establishes a new benchmark in Parc-Extension, highlighting the value of high-quality new constructions and serving as a guide for future transactions. It is an achievement that the entire community of investors can be proud of, reinforcing the flourishing developement of the real estate market in Parc-Extension.