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Vancouver 33-suite rental building sells at full list price of $10.5 million

Marpole multi-family property, 54 years old but well maintained on a 0.44-acre site, sold for the equivalent of $318,182 per door at a cap rate of 2.85 per cent.
8755 Laurel Street, Vancouver

Property type: Multi-family rental

Location: 8755 Laurel Street, Vancouver

Number of units: 33

Lot size: 19,310 square feet

Lot size in acres: 0.44 acres

Zoning: RM-3A

List price: $10.5 million

Sale price: $10.5 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman and Cynthia Jagger