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Vancouver 115-unit rental tower sells for $40.5 million

Former Chalmers Lodge seniors’ residence in South Granville neighbourhood bought by BC Housing as a homeless shelter
Colliers, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1450 West 12th Avenue, Vancouver, B.C.

Number of units:115

Buyer: Government of B.C.| BC Housing

Price: $40.5 million

Brokerage: Colliers, Vancouver

Brokers: Mahsa Banaei, Morgan Dyer