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.
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