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West End 23-unit multifamily fetches $380K per door

Vancouver rental apartment building, built in 1954 on 0.20-acre lot, sells $2M below assessment
1305-jervis-van
Gammon International Real Estate Corp., Vancouver

Property type: Multi-family rental

Location: 1305 Jervis Street, Vancouver

Number of units: 23

Property size: 13,037 square feet

Lot size: 8,646 square feet

Lot size, in acres: 0.20 acres

Zoning: RM-SA

BC Assessment value: $10.78 million

Listing price: $9.9 million

Sale price: $8.75 million

Date of sale: May 18, 2023

Brokerage: Gammon International Real Estate Corp., Vancouver

Broker: Stanley Chiu