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Vancouver character apartment block sells for $331,250 per unit

Built in 1910, the existing two-storey building could be redeveloped with six storeys
1794-frances-street-vancouver
Built in 1910, the eight-unit multi-family rental building at 1794 Frances St., Vancouver, sold June 13 for an average of $331,250 per unit.

DEAL | An eight-unit multi-family property at 1794 Frances St., Vancouver, sold June 13 for nearly $2.7 million. The sale price was less than the list price of $2.8 million, and averaged $331,250 per unit. Built in 1910 on a 5,372-square-foot lot, six of the two-storey building’s eight suites were recently renovated. Zoned RM-4, the Grandview Woodland Community Plan permits a six-storey multi-family building with a density of up to 2.4 FSR.

PRICE | $2,650,000

FROM | Mark Goodman, Ian Brackett and Megan Johal, Goodman Commercial Inc.