A 44-unit single-room-occupancy apartment building, built in 1912 in Vancouver ‘s Gastown district, has sold for $4.1 million, reports Corbel Commercial Inc. The building is zoned HA-2, for Historic Area, which restricts new buildings to a maximum 75 feet in height and imposes other design guidelines to ensure any redevelopment is in keeping with the neighbourhood's historic character.
Property type: Multi-family, single-room occupancy
Location: Cordova Street, Vancouver
Number of units: 44
Lot size: 3,050 square feet
Selling price: $4.12 million
Date of sale: September 15, 2019
Zoning: HA-2 (Gastown Historic Area)
Brokerage: Corbel Commercial Inc.
Agents: Robert Tham and Marc Saul