Kitsilano apartment building sold for $500K per unit
The 21-unit property sold for a total of $10.5 million, more than $2 million above its assessed value
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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.
No. of Units: 21
Lot Size: 12,000 SF
Property Type: Multi-family
2017 B.C. Assessment Value: $8,218,000
Date of Sale: 10/17/2018
Name of Brokerage: NAI Commercial
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