Vancouver apartment portfolio sold for $22M

The two-building portfolio totals 69 units and sold for approximately $318,840 per suite

By
for Western Investor
September 17, 2018





oxford
 
Two rental apartment buildings in Vancouver have sold for $22 million, according to CBRE Vancouver. 
 
The MA apartment portfolio consists of two older apartment complexes totaling 69 units. The properties sold for close to $3 million above their combined assessed value of $19.1 million.
 
The properties are located at 2333 Oxford St. and 225 North Garden, Vancouver. 
 

Breakdown: 

 
Price: $22,000,000
No. of Units: 69
Price/Unit: $318,840
Property Type: Multi-family 
2017 B.C. Assessment Value: $19,120,000
City: Vancouver    
Province: B.C. 
Name of Brokerage: CBRE Vancouver 
 

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Lance Coulson is the Executive Vice President of CBRE’s National Apartment and Investment Properties Group BC with 21-plus years of experience in commercial real estate, specializing in multi-family properties.

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

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