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.
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
Name of brokerage: Goodman Commercial Inc.