Vancouver three-storey rental building sells for $8.7 million

1960s-built 26-unit building in Marpole neighbourhood sells for more than $335,000 per door

By
for Western Investor
August 30, 2019





DD Marpole rental Selkirk street

An older rental apartment building in Vancouver’s Marpole area has sold for $8.4 million, the equivalent of more than $335,000 per door.

Breakdown:

Property type: Multi-family rental building

Number of units: 26

Location: Selkirk Street, Vancouver

Age of building: 55 years

Price: $8.4 million

Price per door: $336,538

Lot size: 17,076 square feet

Zoning: RM3A

Capitalization rate: 2.4%

Date of sale: May 20, 2019

Brokerage: Goodman Commercial Inc.

Agents: Mark Goodman, Cynthia Jagger


Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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