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West End apartment building achieves $415,119 a door

Prime location supports pricing for 93-year-old multi-family asset
1235-nelson-street-vancouver
A prime location and impeccable condition supported at a $17.4 million price for 1235 Nelson Street, Vancouver, which sold June 12.

DEAL | Situated in the heart of the West End, this 42-unit multi-family property at 1235 Nelson Street sold June 12 for $17.4 million. Built in 1931, the property is well-maintained with attractive landscaping. The sale price was below the assessed value of $20.3 million and worked out to $415,119 a door. The building occupies a 0.4-acre lot with RM-5B zoning.

PRICE | $17,435,000

FROM | Terry Harding, Jackson Tang and Taylor Durham, NAI Commercial