East Vancouver rental apartment building sold for $5.2M

Older 18-suite apartment block in up-and-coming neighbourhood fetched $299,000 per door

By
for Western Investor
June 28, 2019





DD 2115 Triumph Vancouver

An 18-unit rental apartment building built in 1964 in East Vancouver has sold for less than its assessed value. Assessed at $5.54 million in July 2019, the building sold May 20 for $5.2 million, equating to $299,000 per suite. It is in Vancouver’s up-and-coming Hastings-Sunrise neighbourhood, dubbed the "East Village."

The property is located at 2115 Triumph Street, Vancouver.

Price: $5,200,000

No of units: 18

Lot size: 12,078 square feet

Rentable area: 10,617 square feet

Property type: Multi-family

2018 BC Assessment value: $5,541,000

Date of sale: May 20, 2019

City: Vancouver

Province: B.C.

Name of brokerage: Goodman Commercial Inc.


Cynthia Jagger is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. She is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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