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Vancouver 20-unit apartment building sells at $470,000 per door

The 62-year-old multi-family rental in Kerrisdale neighbourhood sold for $9.4 million
Colliers, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1990 West 41 Avenue, Vancouver

Number of units: 20 

Lot size: 12,769 square feet

Zoning: RM-3

List price: $9.8 million

Sale price: $9.4 million

Capitalization rate: 2.53 per cent

Brokerages: Colliers, Vancouver, Goodman Commercial Inc., Vancouver (selling agent)

Brokers: Dan Chatfield, Courtney Lund-Murray and Sunil Suvarna, Colliers; Mark Goodman and Cynthia Jagger, Goodman