DEAL | The Inverness, a 97-year-old multifamily property at 1325 Pendrell St., Vancouver, sold Aug. 7 for $4.9 million. The sale price represented a significant discount to the $5.5. million list price, and averaged $245,000 per unit at a cap rate of 4.6 per cent. RM-5 zoning and strong curb appeal are assets of this 20-unit building, which has been continuously upgraded and to remain competitive within an area with multiple new residential and commercial developments.
PRICE | $4,900,000
FROM | Mark Goodman, Ian Brackett and Megan Johal, Goodman Commercial Inc.
