Reduced price moves Vancouver apartment rental building

Multi-family building with 21 suites fetches $10 million, following $1.68 million cut in asking price

By
for Western Investor
December 5, 2019





DD multi-family building Goodman 2182 West 39th Avenue Vancouver

A $1.68 million price reduction has led to the $10 million sale of a 21-suite, 40-year-old Vancouver multi-family rental building, reports Goodman Commercial.

Breakdown:

Property type: Multi-family rental building

Location: 2182 West 39th Avenue, Vancouver

Number of suites: 21

Land size: 11,850 square feet

Zoning: RM-3

Original list price: $12.98 million

Reduced list price: $11.3 million

Sale price: $10 million

Date of sale: September 23, 2019

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman, Cynthia Jagger


Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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