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
