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Main Street multi-family trades at more than $407K per door

East Vancouver 13-unit mixed-use rental building on 0.14-acre site with FSR2.5 potential sold below assessment value at $5.3 million.
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Avison Young, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 4331 Main Street, Vancouver

Number of units: 13 (11 residential; 2 commercial)

Property size: 7,500 square feet

Land size: 6,270 square feet

Land size in acres: 0.14 acres

Zoning: C-2

Floor space ratio: FSR 2.5

Price per buildable square foot: $338

BC Assessment value: $5.64 million

List price: $6.5 million

Sale price: $5.30 million

Date of sale: September 29, 2023

Brokerages: Avison Young, Vancouver (seller's agent); Gammon International, Vancouver (buyer's agent)
Brokers: Stuart Wright, Avison Young; Stanley Chiu and Howard Mak, Gammon International