Esquimalt apartment building sold for $4M

The 20-unit building sold for approximately $200,000 per unit

By
for Western Investor
June 12, 2019





equimalt
 
A 20-unit Esquimalt apartment building has sold for $4 million thanks in part of its development potential, CBRE Vancouver reports. 
 
The 21,600-square-foot property is located to several schools and amenities. The site has an assessed value of $3.63 million and sold for approximately $200,000 per suite. 
 
The property is located at 850 Admirals Rd., Esquimalt. 
 

Breakdown: 

 
Price: $4,000,000
No. of Units: 20
Price/Unit: $200,000
Lot Size: 21,600 SF 
Property Type: Multi-family 
2018 B.C. Assessment Value: $3,636,000
City: Esquimalt  
Province: B.C. 
Name of Brokerage: CBRE Vancouver 
 

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Greg Ambrose is a Senior Sales Associate on CBRE’s National Apartment & Investment Properties Group, with 15-plus years of commercial real estate experience, specializing in multi-family properties. CBRE Canada Suite 2500, 1021 W Hastings St. Vancouver, B.C. V6E 0C3 Office: 604-662-5178
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