Price: $4,300,000
No. of Units: 10
Price/Unit: $400,000
Lot Size: 6,250 SFL
Property type: Multi-family
Zoning: RM-4
2015 B.C. Assessment Value: $2,575,000
City: Vancouver
Province: B.C.
Name of Brokerage: HQ Commercial
Esquire Apartments sold for $4.3 million on Sept. 24, $300,000 above its $4 million asking price. The 3-storey walk-up was built in 1949.
The market response to the property was overwhelming, said Mark Goodman of The Goodman Report, who announced the unconditional sale on Oct. 19. Twenty-five groups toured through the property and multiple offers were made. Cynthia Jagger of HQ Commercial was the broker on the sale.
The property features 10 suites, including eight one-bedrooms and two bachelor units. The rental profit average is $1.57 per square foot.
Esquire Apartments in located at 2424 West Broadway.
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