University Lodge, 5516 Dalhousie Road, Sold
University Lodge Apartments, 5516 Dalhousie Road, an 11-unit apartment on the UBC Endowment lands has sold for $4,475,000, or $406,750 per unit. The cap rate was 4.5%. The 3-storey walkup apartment building was built in 1927. The building had been listed for sale for $5,068,000, or a 4% cap rate.
Own an apartment building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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