Metrotown Apartment Building Sells in 3.0% Cap Deal

A 10-unit Metrotown apartment building located at 6700 Dow Avenue in the Metrotown area of Burnaby has sold. The 1968 walkup apartment building is located on a 9,118 SF site that has future high density development potential under the Metrotown Plan.

Sale details:

  • $3,300,000
  • 3.0% cap rate
  • $330,000 per unit

The property was listed and sold the Blair McEvay team at Marcus & Millichap.