Royal Heights Manor, Burnaby Sold

A 4-storey walkup apartment building located at 6353 Royal Oak Avenue near Metrotown has sold for $4,930,000. The property was built in 1968 and contains 29 one and two bedroom units. The sale price equals $170,000 per unit, and a 4.4% cap rate. The building had been listed for sale at $4,980,000.