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Kerrisdale 18-unit rental building sells for $388,888 per suite

Built in 1964, the multi-family rental on a 12,432 square foot corner lot in an affluent Vancouver neighbourhood sold for $7 million.
Western Investor Staff
5940 Balsam Street, Vancouver. C&W
Cushman & Wakefield, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 5940 Balsam Street, Vancouver

Number of units: 18

Size of land: 12,432 square feet

Land size in acres: 0.28 acres

Sale price: $7 million

Date of sale: January 12, 2021

Brokerage: Cushman & Wakefield, Vancouver

Brokers: Don Duncan and David Venance.