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Marpole multi-family property achieves 3.5 per cent cap rate

Sixty-year-old property enjoys a favourable location
8630-osler-street-vancouver
Rim Rock Manor, a 21-unit multi-family property in Vancouver's Marpole neighbourhood, sold Dec. 16 for $6 million.

DEAL | Rim Rock Manor, a 21-unit multi-family building at 8630 Osler St. in Vancouver’s Marpole neighbourhood, sold Dec. 16 for $6 million. This was just short of the list price of $6.1 million. Zoned RM-3, the three-storey property was built in 1965. The average price per unit was $285,714 and the cap rate on sale was 3.5 per cent.

PRICE | $6,000,000

FROM | Mark Goodman and Ian Brackett, Goodman Commercial Inc.