A 30-unit rental apartment building in the Highgate neighbourhood of Burnaby has sold for $8.4 million, JLL Canada reports.
The building is situated on a 26,394-square-foot lot and sold for $280,000 per suite. The property includes a mix of 19 one-bedroom suites, 10 two-bedroom units, one three-bedroom unit and a penthouse. Highgate Village Shopping Centre is located 10 minutes away from the property. The site was listed for $8.88 million with an assessed value of $7.85 million.
The property is located at 7110 Linden Ave., Burnaby.
Breakdown:
Price: 8,400,000
No. of Units: 30
Price/Unit: $280,000
Lot Size: 26,394 SF
Property Type: Multi-family
2017 B.C. Assessment Value: $7,853,700
City: Burnaby
Province: B.C.
Name of Brokerage: JLL Canada
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