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0.44 acres multi-family rental in White Rock sells for $8.5 Million

White Rock, B.C., 31-unit multi-family rental trades at $8.5 million

Western Investor Staff
Western Investor

Built in 1976 on a 19,395-square-foot lot, the four-storey apartment building sold at $288,710 per door at a 3 per cent capitalization rate.

 

Goodman Commercial Inc., Vancouver, for Western Investor

 

Property type: Multi-family rental

Location: 1558 Fir Street, White Rock, B.C.

Number of units: 31

Size of land: 19,395 square feetSize of land in acres: 0.44 acres

Zoning: RM-2

List price: $8.95 million

Sale price: $8.55 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Ian Brackett, Mark Goodman and Cynthia Jagger

 

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