1009 West 10th Avenue, Sold

A 41-unit heritage apartment building at West 10th Ave and Oak Street in Vancouver has sold for $11,000,000, representing a 4.0% cap rate, or $268,000 per unit. The building, built in 1927 had been listed for sale for $13,000,000. The lot is 12,500 SF in size and is zoned RM-3.