A 10-unit rental building in North Vancouver has sold for $3.7 million, reports Goodman Commercial. The 64-year-old property is in the popular Lower Lonsdale area and has development potential.
Breakdown:
Property type: Rental apartment building
Location: 132 West 4th Avenue, North Vancouver
Number of units: 10
Size of property: 6,720 square feet (net rentable)
Land size: 7,002 square feet
Zoning: RM-1
Sale price: $3.73 million
Price per unit: $385,000
Date of sale: March 13, 2020
Brokerage: Goodman Commercial Inc., Vancouver
Brokers: Mark Goodman and Cynthia Jagger
