Vancouver single-room-occupancy building sells for $4.1 million

Apartment building in historic Gastown district has 44 single-room units and was built in 1912

By
for Western Investor
September 24, 2019





DD Gastown SRO Cordova Street

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.

Breakdown:

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


Robert Tham worked with Archer Realty Ltd. before launching Corbel Commercial Inc. in 2006, a boutique commercial real estate firm with a pro-active marketing approach.

Corbel Commercial Inc.
632 Citadel Parade
Vancouver, BC V6B 1X3
Office: 604-609-0882

Copyright © Western Investor

Email to a Friend

Close
Most Popular
Get the WesternInvestor.com Newsletter