- What An apartment building in Toronto sold for $44m
- Why CBRE marketed the property on behalf of Marbrook Investments
- What next The deal stands as the second-largest multifamily transaction in the GTA this year
A midrise apartment building in Toronto’s East York region has traded for $44m, Green Street News can reveal.
The 134-unit Marlester Manor, at 1175 Broadview Avenue, was marketed by CBRE on behalf of Marbrook Investments. The valuation translates to roughly $328,000/unit. The listing brokers declined to comment on the transaction.
The property was purchased by a non-profit organization, with the deal closing on May 1. The buyer received a $19.7m acquisition loan from Computershare Trust Co. of Canada.
The 12-storey concrete building, built in 1970, has one- and two-bedroom units and shared laundry facilities.
The property is just over a kilometre from the Chester and Pape subway stations, and is a kilometre from the nearest Don Valley Parkway on-ramp.
Marbrook is a small, Toronto-based investor and developer that has been in operation for decades.
The Greater Toronto Area recently has seen only handful of multifamily deals, largely involving lower-priced older stock. The largest single-asset transaction in the area in 2025 was the $73.8m sale of Brampton Village from Canadian Apartment Properties REIT to Lankin Investments in January, according to Green Street’s Sales Comps Database.
