Burnaby rental apartment building sells for $310,000 per door

Older multi-family building with 29 units fetches $9 million, $900K under the asking price

By
for Western Investor
October 30, 2019





DD burnaby multifamily rental 1970s

A 29-unit rental apartment building in Burnaby’s Willingdon Heights area has sold for $9 million by a vendor who had held it since 1972, reports Avison Young's Vancouver office.

Breakdown:

Property type: Multi-family rental building

Number of units: 29

Location: Pender Street, Burnaby

Property size: 18,285 square feet

Zoning: RM-3

Land size: 0.42 acres

List price: $9.9 million

Sale price: $9 million

Date of sale: October 15, 2019

Brokerage: Avison Young, Vancouver

Brokers: Robert Greer, Carey Buntain, Chris Wieser


Robert is a principal at Avison Young specializes in multi-family, development land office, and retail properties.

Avison Young Commercial Real Estate
2900 - 1055 West Georgia Street
Vancouver, BC V6E 3P3
Office: 604-687-7331

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