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Strathcona development site sells for below asking

Sale price worked out to $16.9M an acre
441-449-east-pender-street-vancouver
Two lots at 441 and 449 East Pender Street, Vancouver, sold June 21 for $16.9 million an acre.

DEAL | Two vacant lots at 441 and 449 East Pender Street, Vancouver, sold June 21 for $3.55 million. Totaling 9,150 square feet, the two properties hold RT-3 zoning but have exceptional development potential given their close proximity to the new St. Paul's Hospital, rapid transit and key arterials. While below the list price of $3.95 million, the sale price worked out to $16.9 million an acre.

PRICE | $3,550,000

FROM | Robert Tham and Marc Saul, Corbel Commercial