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Vancouver multi-family building with retail sells for $9.38M

Building with 24 rental apartments and eight retail units at grade fetches $360K above assessment
DD Vancouver kingsway multifamily retail

A 24-unit Kingsway Avenue rental apartment building with eight retail units has sold for $360,000 above its assessed value.

Breakdown:

Property type: Multi-family 

Location: 1022 Kingsway, Vancouver

Number of residential units: 24

Number of retail units: 8

Size of property: 11,748 square feet

Lot size: 0.269 acres

Zoning: C-2

BC Assessment value: $9.02 million

List price: $9.5 million

Sale price: $9.38 million

Brokerage: Colliers International

Brokers: Kelvin Luk, William Maunsell, Matt Saunders