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

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, Vancouver, for Western Investor
1558-fir-st-white-rock
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 feet

Size 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