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Hastings-Sunrise 14-unit multi-family sells for $4.99 million

Located in the up-trending East Vancouver neighbourhood, the rental building sold for full asking price at a cap rate of 3.3%, with potential for rental increases
Kleaman Commercial Group. North Vancouver, B.C., for Western Investor

Property type: Multi-family rental

Location: 112 Nanaimo Street, Vancouver

Number of units: 14

Property size: 8,540 square feet

Lot size in acres: 0.20 square feet

Zoning: RM-3

List price: $4.99 million

Sale price: $4.99 million

Brokerage: Kleaman Commercial Group, North Vancouver, B.C.

Brokers: Gordon Kleaman and Jim Pilkington