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Kerrisdale 10-unit multi-family rental sells for $4 million

Apartment building in the heart of Vancouver's Kerrisdale sold unconditionally for $408,000 per suite at a 2.35 per cent capitalization rate.
Colliiers, Vancouver, for Western Investor
5607-yew-st-colliers
Colliers, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 5607 Yew Street, Vancouver

Number of suites: 10

Sale price: $4.08 million

Cap rate: 2.35 per cent 

Brokerage: Colliers, Vancouver

Brokers: Trevor Buchan, Dan Chatfield, Courtney Lund-Murray and Sunil Suvana