A 20-unit building at 35 East 16th Avenue in Mount Pleasant has traded in a $6,750,000 deal. Sale details include:
- $336,250 per unit
- 3.3% cap rate
The 2026 assessment value of the property is $6,172,000, down from a peak in 2023 of $7.3 Million.
A 20-unit building known as Capri Aparments and located at 520 North Nanaimo Street in the Grandview-Woodland area of East Vancouver has sold for $5,200,000 to New Chelsea Housing Society.
Details:
- 3-storey walkup built in 1969
- 12,319 SF site area
- 20 units (one bachelor, 18 one-bedrooms, one two-bedroom)
- 20 underground parking spaces
- $260,000 per unit
The building was sold by Dan Schulz and Chris Winkers of Macdonald Realty.
The 2026 assessment value of the property is $5,472,000.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor