Goodman Commercial has brokered the sale of a 68-year-old apartment building in Vancouver’s West End for $8.2 million.

Known as Park Beach Manor, the 21-unit building is located at 1925 Nelson Street, west of Denman Street near English Bay and Stanley Park. The 12,000-square property comprises three storeys and a penthouse. The price worked out to $390,476 per door, demonstrating a healthy valuation for an older property.

Goodman indicated that the location was a strong factor in the sale.

“The building’s proximity to Denman Street offers tenants convenient access to a wide variety of shops, cafes and restaurants, while the downtown core is only a 15-minute walk,” said Goodman. “Leafy tree-lined boulevards and traffic-calmed streets truly make this one of the most desirable locations in all of Vancouver.”

The buyer and seller were not identified. Mark Goodman, the company’s principal, and Ian Brackett, a senior broker with the firm, marketed the property.

Vancouver-based Goodman specializes in local multi-family real estate sales.