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Coquitlam, B.C., multi-family complex sells at $273K per door

Well maintained 54-unit apartment complex on a 39,600 square-foot in Austin Heights neighbourhood sold for $14.75 million at 3.4 per cent capitalization rate.
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Royal Pacific Realty, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1055 and 1065 Howie Street, Coquitlam, B.C.

Number of units: 54

Size of property: 40,000 square feet

Land size: 39,600 square feet

Land size in acres: 0.91 acres

Zoning: RM2

BC Assessment value: $13.10 million

List price: $15 million

Sale price: $14.75 million

Date of sale: February 28, 2022

Brokerage: Royal Pacific Realty, Vancouver

Broker: Jordan Guo