East Vancouver rental building sold for $3.27M
The ten-unit building sold for $327,800 per suite and offer investors a significant value-add opportunity
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An East Vancouver apartment building has sold for $3.27 million, CBRE reports.
Stanley’s Apartments is strategically located within the Grandview-Woodland Plan, providing an opportunity for investor to redevelop the site. The existing rental building has ten units, sold for $327,800 per suite. The 5,934-square-foot building was built in 1959 and is located just blocks from Commercial Drive.
The property is located at 1834 E Pender St., Vancouver.
No. of Units: 10
Site Size: 5,934 SF
Property Type: Multi-family
2016 B.C. Assessment Value: $2,830,000
Name of Brokerage: CBRE Vancouver
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