A 21-unit apartment building in Kitsilano has sold for $10.5 million, NAI Commercial tells Western Investor.
The two-storey building was built in 1966 and sold for $500,000 per suite. The apartment is situated on a 12,000-square-foot lot, with an assessed value of $8,218,000.
The property is located at 2050 West 2nd Ave., Vancouver.
Breakdown:
Price: $10,500,000
No. of Units: 21
Price/Unit: $500,000
Lot Size: 12,000 SF
Property Type: Multi-family
Zoning: RM-4
2017 B.C. Assessment Value: $8,218,000
Date of Sale: 10/17/2018
City: Vancouver
Province: B.C.
Name of Brokerage: NAI Commercial
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