A 14-unit three-storey walkup apartment building in Kits has sold for $4,800,000, or a 3.1% cap rate ($343,000 per unit). The building, located at 2250 York Avenue contains one and two bedroom units and had been listed for sale for $5,600,000. The property is zoned RM-4.

David Taylor and Simon Lim of Colliers are pleased to present for sale 2116 West 41st Avenue, a 2-storey retail and apartment building located in the heart of Kerrisdale.

Key Features

• High-exposure retail and apartment property in the heart of Kerrisdale
• Stable, fully leased income producing property in affluent neighbourhood
• Opportunity to generate income and live and/or work in the building
• Six apartment units over two retail units
• Additional residual density creates renovation potential
• Asking price: $7,688,000

Contact us for further information, including a brochure.

Located mid-block on the south side of West 10th Avenue, this three storey, 11 suite apartment building is well positioned in the Fairview neighbourhood. Built in 1958, the Shavian Apartments had been owned by the Shavian family since construction.

The property was sold by Ted Mildon and Matt Saunders in June 2012.

Bosa Development has acquired Pacific Point, a 227-unit strata building located at 1323 Homer Street, at Pacific Street in Downtown Vancouver. The 20 year old project includes two phases over a common podium and is stratified but has been operated as a rental building since completion. It includes 11 commercial units on the ground floor. The building had been listed for sale by the Vendor, Concert Properties. The price per unit is approximately $350,000.

Barclay Mansion, a 40-unit apartment building in the West End has been sold by John Gee, Colliers for $10,300,000, or $258,000 per unit. The purchaser was a local investor.

Constructed in 1962 by a well-known local developer, Barclay Mansion is improved with a nine-storey concrete high-rise offering eight bachelors and thirty-two one bedrooms, and approximately 23,000 square feet of net rentable area.