Mayan Apartments, a 16-unit apartment building at West 3rd and Maple Street in Kits, has sold for $4,275,000, or a 3.9% cap rate and $267,000 per unit. The building had been listed for sale for $4,785,000.
PWC’s annual Emerging Trends in Real Estate 2014 report was released this week. The annual report surveys industry professionals and rates Canada’s nine largest commercial real estate markets on prospects for investment, development and homebuilding.
This year the survey placed Vancouver fourth, just slightly behind Saskatoon, and behind the energy-driven markets of Calgary and Edmonton; in first and second respectively.
Perhaps not surprisingly, respondents placed Vancouver firmly in buy/hold territory for most asset classes in 2014. Here are a couple of examples:
Apartment Buy/Sell/Hold Recommendations
Office Buy/Sell/Hold Recommendations
Download the full report here: http://www.pwc.com/ca/en/real-estate/emerging-trends-real-estate-canadian-summary.jhtml
Be the first to take advantage of the new West End Community Plan!
1546 Nelson Street is an ideally located 6-unit apartment building that offers a stable and secure return for an investor or an owner-occupier. The rear portion of the property is now permitted for additional laneway residential space as part of the laneway housing policies in the forthcoming West End Community Plan. The asking price is $2,050,000.
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- Front view
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- Rear Lane View
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- Potential Laneway Housing
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- Nelson Street
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- Neighbouring Properties on Cardero including Coffee shop
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- Interior Kitchen
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- Interior
Brochure: 1546 Nelson Brochure
Contact me for further info: david.taylor@colliers.com