Unsurprisingly, the commercial real estate transactions that drew the most reader attention had ties to residential development. All but one of our most-read Done Deals profiles were located in B.C., with Coquitlam lots proving popular. A rental complex sale in small-town Alberta rounding off our list as the outlier.
Here is our second annual countdown of WesternInvestor.com's five most-popular Done Deals of 2017.
Our first Done Deal to make the list is a 70-unit rental complex sale, sold for a modest $44k per door. Edson, Alberta is a town of approximately 8,414 people in west-central Alberta.
A one-acre, single-family lot in the Surrey neighbourhood of West Clayton sold for $3.1M. The property currently hots a one-storey home, but has potential for lucrative multi-family redevelopment.
This investment property in Delta features an Esso gas station, 7-Eleven convenience store and a Tim Hortons. The 1.4-acre property is an attractive investment as tenants pay for all maintenance and property taxes.
The eight-unit retail property is our second most-read Done Deal, sold for – you guessed it – its redevelopment potential. The strip mall is home to a Money Mart and Little Ceasars Pizza and adjacent to a pub and accompanying liquor store at the corner of Austin Avenue and LeBleu Street. Its proximity to an upscale residential community made it particularly desirable.
Our most-popular Done Deal of the year is also the most expensive sale on our list and our second Coquitlam property. The land assembly includes 14 single-family lots, sold for approximately $2.1M per lot. Upon rezoning, the site has potential for a RM-3 multi-storey, medium-density apartment development.