West End Apartment Building Trades in $12.3 Million Deal
A 10-storey concrete apartment building in the West End has sold. 1222 Pendrell Street has sold for $12,300,000, or $286,000 per unit. The 43-unit building was built in 1972.
The building contains 41 one-bedroom units and 2 two-bedroom units.
- 43 Units
- 41 one-bedrooms, 2 two-bedrooms
- Avg. Market Rent $3.91/SF
- Assessment Value: $18,838,000
- Asking Price: $15,000,000
- Notes: “Major capital upgrades required”
The property was listed and sold by Avison Young.
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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