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Former Legion building sells for $600K above assessed value

The two-storey office building in Langley sold for 1.5 million
legion building
The Royal Canadian Legion Branch moved to a different location last year.
Price: $1,525,000
Lot Size: 8,968 SFL
Property Type: Office
Zoning: C-1
2015 B.C. Assessment Value: $926,000
Date of Sale: 10/14/16
City: Langley
Province: B.C.
Name of Brokerage: NAI Commercial
Name of Vendor: 0891701 BC Ltd.
Name of Buyer: 662833 BC Ltd.
A two-storey office building in Langley sold for $1.5 million, NAI Commercial agents Ted Weibelzahl and Chris Langhaug report. 
Formerly tenanted by the Royal Canadian Legion Branch 21, the 5,286-square-foot building sold for below its $1,590,000 list price and above its assessed value of $926,000. The property has undergone recent renovations to include a sprinkler system, seismic upgrade, a new roof, elevator and HVAC units. 
The building is located at 20570 56 Ave., Langley.

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