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City of Burnaby, BC Housing buy two co-ops for $184.9 million

Two multi-family towers with a total of 405 units will remain as co-operative housing
4221 Mayberry Street, Burnaby. BC Housing for Western Investor

Property type: Co-op housing/ Multi-family

Location: 9380-9390 Cardston Crescent and 4221 Mayberry Street, Burnaby, B.C.

Number of units: 405 (total).

Vendor: International Union of Operating Engineers Local 115 Pension Plan

Buyers: BC Housing; City of Burnaby, B.C.

Sale price: $184.9 million (total, includes $22.5 million for upgrades)