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Coquitlam 97-unit multi-family rental trades at $23.17 million

The apartment complex on 1.6-acres in the Austin Heights area sold at a 3.6 per cent capitalization rate on September 1, 2023
Goodman Commercial Inc., Vancouver, for Western Investor

Property type: Multi-family rental

Location: 523 Gatensbury Street, Coquitlam, B.C.

Number of units: 97

Year built: 1970

Net rentable area: 68,905 square feet

Lot size: 71,280 square feet

Lot size in acres: 1.64 acres

Zoning: RM-2

Price: $23.175 million

Date of sale: September 1, 2023

Brokerage: Goodman Commercial, Vancouver

Brokers: Ian Brackett, Mark Goodman and Cynthia Jagger