The Henry’s Collision Property on 2315 Cambie Street was recently sold privately (Not DTZ, as previously claimed) for around $1.8M. This property is located near West 7th Avenue on the West side of Cambie Street, on the Cambie Rise. This is an excellent area that is of course very close to the Canada Line station. It is a small real estate lot with approximately 40 feet of frontage on Cambie Street.
Bill Goold is on a roll with another Apartment sale this month. The 23-unit apartment sold for $3,696,700. Asking price for the property was $4,200,000. The Apartment is a 3-storey plus basement, wood frame low-rise building located on 2054 Comox Street in the West End of Downtown Vancouver, close to Stanley Park.
Oceanaire Apartments on 2033 Beach Avenue was just sold for the price of $11,368,000. Sources say this has an approximate capitalization rate of 3.4%. This follows a trend of lower cap rate sales in high-demand areas. The building had a total assessment price of $7,804,000. The building has 36 units, and was brokered by Bill Goold.
The 5-floor, 27,000 square foot building on 417-419 West Hastings Street in Downtown Vancouver was just sold for $4,850,000, which represents a price per square foot of $180. FAR for the site is 5 times the lot area. The building is currently single-tenant and contains both retail, office and warehouse on its 5 floors.