Vancouver West End 21-unit rental building sells for $8.37 million

Pendrell Street multi-family rental building, built in 1959, sold for $398,000 per suite at a capitalization rate of 2.4 per cent.

By
Goodman Commercial Inc. / Vancouver / for Western Investor
April 8, 2021





1435 Pendrell Street, Vancouver
— Goodman Commercial Inc., Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1435 Pendrell Street, Vancouver

Number of units: 21

Number of storeys: 3

Land size: 8,456 square feet

Zoning: RM-5 (Multi-family)

Sale price: $8.37 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman and Cynthia Jagger

 


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