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Kerrisdale apartment building achieves a cap rate of 3.1 per cent

Well-maintained property attracts investor interest despite market challenges
Mark Goodman, Goodman Commercial Inc., for Western Investor
2376-w-43rd-ave-sm
Built in 1954, this nine-unit building sold Nov. 10 for $472,778 per door and a cap rate of 3.1 per cent.Goodman Commercial Inc.

Property type: Multifamily

Location: 2376 West 43rd Avenue, Vancouver, B.C.

Property size: Nine units on a 6,987-square-foot lot

Zoning: RM-3

BC Assessment value: $4.039 million

List price: $4.255 million

Sale price: $4.1 million

Date of sale: November 10, 2023

Brokerage: Goodman Commercial Inc., Vancouver

Broker: Mark Goodman, Cynthia Jagger and Ian Brackett, Goodman Commercial Inc.