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

West End Apartment Building Sells for $8.2M

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.


Inside The Story

Mark GoodmanGoodman Commercial

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
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