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Delta, B.C., multi-family trades at $196,000 per door

The 14-unit apartment building, built in 1967, sold below assessment for $2.74 million at a 3.1 per cent capitalization rate.
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London Pacific Property Agents, Vancouver, for Western Investor

Type of property: Multi-family rental

Location: 4650 Evergreen Lane, Delta, B.C.

Number of units: 14

Property size: 8,688 square feet

Land size: 15,246 square feet

Land size in acres: 0.35 acres

Zoning: RA-20

BC Assessment value: $2.9 million

Sale price: $2.74 million

Date of sale: November 16, 2021

Brokerage: London Pacific Property Agents, Vancouver

Broker: Mike Guinan-Browne