A 20-unit building at 2575 Windsor Street, in the Mount Pleasant area of East Vancouver, has sold for $6,600,000.

The building is described by listing agent Mark Goodman: “Windsor Apartments is a well maintained three-storey 20-suite apartment building in Mount Pleasant, one of Vancouver’s most sought-after rental markets. Built in 1967 on a 12,047 SF lot (99’ x 122’), the building features 20 one-bedroom suites, 8 parking stalls (4 covered, 4 surface), 12 storage lockers, and one set of leased washer / dryer.”

Sale metrics:

• Cap Rate: 3.20%
• Price per Unit: $330,000

The property is also located in an area of the Broadway Plan that allows high-density residential. The property had been listed for sale for $7,100,000.