A fully-renovated apartment building in New Westminster has sold for $6.95 million, NAI Commercial tells Western Investor.
The property is situated on a 13,720-square-foot lot, with 21 units. The building’s assessed value was $4,924,000 – making its sale price nearly $2 million more than its value.
The property is located at 1222 Fifth Ave., New Westminster.
Breakdown:
Price: $6,950,000
No. of Units: 21
Price/Unit: $330,952
Lot Size: 13,720 SF
Property Type: Multi-family
Zoning: RM-2
2017 B.C. Assessment Value: $4,924,000
Date of Sale: 05/01/2018
City: New Westminster
Province: B.C.
Name of Brokerage: NAI Commercial
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