Streetfront Retail/Apartments on West 4th Sells for 5.6% Cap

A strata-titled retail and apartment building at 2023 West 4th Avenue has sold. The building contains 2 retail units and 8 residential units (five two-bedrooms and three one-bedrooms).

Property details:

• Type: Streetfront multi-tenant retail and apartment
• Retail tenants: Brier Home Decor, Blue Sky Clothing
• Building Size: 10,435 SF
• Lot Area: 5,543 SF
• Year Built: 1998
• Price: $6,100,000
• Cap Rate: 5.6%

The property was listed and sold by Lee & Associates. A brochure can be viewed here: https://leevancouver.com/wp-content/uploads/4th-Ave-W-2023-Lee-Investment-Sale.pdf