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Chilliwack 16-unit apartment complex sells at $157,000 per door

The deal includes two adjacent rental apartment buildings on a 0.57-acre site for $2.51 million, and a capitalization rate of 4.56 per cent
Western Investor Staff
Chilliwack 16-unit rental bldg. Oakwyn Realty
Oakwyn Realty Commercial, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 46340 Princess Avenue, Chilliwack, B.C.

Number of properties: 2

Number of units: 16

Land size: 0.57 acres

Sale price: $2.51 million

Cap rate: 4.56 per cent

Brokerage: Oakwyn Realty Commercial, Vancouver

Brokers: Kevin Chiang, Chris Hayne and Eric Wu