Gatensbury Apartments
1200 Howie Avenue

SOLD

Gatensbury Apartments - 1200 Howie Avenue, Coquitlam

The Cushman & Wakefield BC Multifamily team is excited to announce the successful sale of Gatensbury Apartments, located at 1200 Howie Avenue, in the Austin Heights neighbourhood of Coquitlam, BC. This 66-suite wood-frame rental apartment building sits on almost an acre of land and offers a compelling blend of stable cash flow and long-term redevelopment potential.
 
Originally constructed in 1970, the property has undergone significant upgrades in recent years, including the full renovation of over two-thirds of the suites since 2015, leading to little deferred capital expenditures. With an average unit size of 786 SF, Gatensbury Apartments features spacious layouts across a mix of one- and two-bedroom suites.
 
This transaction underscores the continued demand for well-maintained, value-add multifamily assets in Metro Vancouver. These properties continue to attract investors seeking both reliable income and future upside through unit turnover and renovation.
 
We extend our gratitude to our client for the opportunity to represent them in this transaction, and the purchaser for a smooth and collaborative transaction process.