79 room Columbia Hotel SRO sells for 16 Million dollar
Corbel Commercial Inc.
Western Investor
Off-market deal with non-profit in Vancouver’s Downtown East Side sells property for $5.9 million over assessed value at $202,500 per room.
Type of property: Single-room occupancy hotel
Location: 303 Columbia Street, Vancouver
Number of units: 79 units Year complete: 1920
Property size: 6,100 square feet
Land size, in acres: 0.14 acres
Zoning: HA-2 (Heritage Area).
Retail: Pub at ground level.
BC Assessment value (2022): $10.15 million.
Sale price: $16 million.
Type of transaction: Off-market deal
Buyer: Atira Women’s Resource Society (non-profit).
Date of sale: January 31, 2022
Brokerage: Corbel Commercial Inc., Vancouver
Brokers: Willow King, Marc Saul and Robert Tham.
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