Vancouver apartment building sold for $7.8M

The 24-unit building sold for $325K per suite

By
for Western Investor
April 25, 2018





crystal court
 
A 24-unit apartment building has sold for $7.8 million, CBRE Vancouver reports. 
 
Crystal Court Apartments sold for $325,000 per unit, with a total assessed value of $6.74 million. The building includes a two-bedroom penthouse unit. The three-storey property was built in 1964. 
 
The property is located at 8860 Montcalm St., Vancouver. 
 

Breakdown: 

 
Price: $7,800,000
No. of Units: 24
Price/Unit: $325,000
Property Type: Multi-family 
2017 B.C. Assessment Value: $6,743,000
Date of Sale: 02/22/2018
City: Vancouver    
Province: B.C.
Name of Brokerage: CBRE Vancouver 
 

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Lance is executive vice president of CBRE’s National Apartment and Investment Properties Group with close to 21 years of experience in commercial real estate.

CBRE Canada
Suite 2500, 1021 W Hastings St.
Vancouver, B.C. V6E 0C3
Office: 604-662-5141

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