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Aldergrove 2.3-acre residential site sells $3 million above assessed value

The land, zoned for a subdivision, sold for $5 million, which was above the list price and nearly $3 million higher than its assessed value.
Western Investor Staff
2542 267 Street, Aldergrove, B.C.
Fraser Elliott Group, Vancouver, for Western Investor

Property type: Land

Location: 2542 267 Street, Aldergrove, B.C.

Size of land: 102,801 square feet

Size of land in acres: 2.36 acres

Zoning: SR-2 (suburban residential)

BC Assessment value (2020): $2.05 million

List price: $4.8 million

Sale price: $5 million

Date of sale: April 1, 2021

Brokerage: Fraser Elliott Group, Vancouver

Broker: Fraser Elliott