The Inverness Apartments located at 1325 Pendrell Street in the West End has sold for $5,170,000, or $246,224 per unit. The two-storey,  21-unit heritage style building was listed for sale back in May for $5,275,000, or a 3.5% cap rate.

I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of 3060 Edgemont Village. The property is fully leased to the Bank of Montreal on a long-term basis.

A retail property with redevelopment potential located on Kingsway in Vancouver’s Norquay Village area has sold for $8,580,000. The 13,750 SF strip plaza is leased to mostly local tenants. The 26,936 SF site is zoned C-2. On a land basis, the site sold for $127 per buildable SF.