Newer East Van Apartment Building Sells in $21.5M Deal

A 31-Unit apartment building located on Fraser Street at East 17th Avenue has been sold by Low Tide Properties. The 2017 built apartment/retail building is located on a 12,197 SF site.

The building contains a retail unit leased to Bells and Whistles.

Sale details:

  • Purchase Price: $12,500,000
  • 4.4% cap rate
  • $694,000 per unit
  • 13 one-beds, 15 two-beds, 3 three-beds
  • 3,174 SF of retail space

The property was listed and sold by the Cushman and Wakefield BC Multifamily Team.