A 34-unit Delta, B.C., rental apartment building has sold for $6.9 million, about $300,000 below its BC Assessment value and $490,000 under asking, reports Marcus & Millichap. The final sale price works out to $202,941 per unit.
Property type: Multi-family rental
Number of units: 34
Location: 4711 57 Street, Delta, B.C.
Size of site: 1.2 acres
Zoning: CD-65 (development potential)
BC Assessment value: $7.23 million
List price: $7.39 million
Sale price: $6.90 million
Dale of sale: November 18, 2019
Brokerage: Marcus & Millichap, Vancouver
Broker: Mike Guinan-Browne