A 20-unit building at 2575 Windsor Street, in the Mount Pleasant area of East Vancouver, has sold for $6,600,000.

The building is described by listing agent Mark Goodman: “Windsor Apartments is a well maintained three-storey 20-suite apartment building in Mount Pleasant, one of Vancouver’s most sought-after rental markets. Built in 1967 on a 12,047 SF lot (99’ x 122’), the building features 20 one-bedroom suites, 8 parking stalls (4 covered, 4 surface), 12 storage lockers, and one set of leased washer / dryer.”

Sale metrics:

• Cap Rate: 3.20%
• Price per Unit: $330,000

The property is also located in an area of the Broadway Plan that allows high-density residential. The property had been listed for sale for $7,100,000.

I’m pleased to announce the sale of 3030 Gilmore Diversion in Burnaby. This 47,000 SF office building is located on a 1.5 acre site.

The sale price was $16,200,000.

A vacant 15,000 SF, two-storey office building at 1285 Franklin Street in East Vancouver has sold for $10,550,000, or $695 per SF. The purchaser is Freedom Mobile Inc.

The building, located half a block West of Clark Drive, had previously been listed for sale for $11,000,000. It is fully furnished with high quality improvements. The lot size is 15,762 SF.

Jones Lang Lasalle acted as agent in the sale.

A concrete apartment building in the West End has sold for $27,700,000 to Partap Mehta, a local investor.

Greatview Manor is a 9-storey, 66-unit building located at 1280 Haro Street.

The property was listed and sold by Marcus & Millichap.

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Colliers has completed the sale of a mixed-use development site located at 2245 McAllister Avenue in Port Coquitlam, as reported on by Storeys. The site, previously owned by Quarry Rock, is approved for a 5-storey, 80-unit project with 19,000 SF of retail at grade. It was sold to Northstar Development for $11,600,000 or $168 per buildable SF based on the approved application.

Hart Buck and Jennifer Darling listed and sold the site.