A 17-Unit apartment building located on Granville Street at West 71st Avenue has sold. The 1956 walkup apartment building is located on a 9,583 SF site.
The property allows future redevelopment up to 6-storeys in the Marpole Community Plan.
Sale details:
- Purchase Price: $7,650,000
- 5.0% cap rate
- $450,000 per unit
- 8 one-beds, 6 two-beds, 3 three-beds
The building was listed and sold by Goodman Commercial.
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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