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Vancouver Commercial Real Estate

Beach Party For Kits Multifamily Deal

You don’t see this very often: a multifamily transaction with a price per unit at $662k. But that’s exactly what just went down in Kitsilano—the sale of the garden, low-rise complex at 2359 Cornwall Ave for $5M. RealNet’s Ryan Wyse points out the location—the heart of Kits—is sought-after, and this building sits directly across from Kitsilano Beach Park, on English Bay. (Like with humans, all the other houses pretend to be its friend, just for the water access.) A private investor, Preston Neary Holdings, is the purchaser.

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Related Topics: English Bay, Ryan Wyse
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