Kitsilano mixed-use building sold for over $4M
The 3,000-square-foot retail and residential property sold for $620 per buildable square foot
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A Kitsilano retail and residential building has sold for over $4 million, Lee & Associates tells Western Investor.
The mixed-use, two-storey building is approximately 3,000 square feet, including 1,500 square feet of retail space and a 1,500-sqaure-foot, two-bedroom residential unit. The property has a capitalization rate and an assessed value of $3.58 million. The site sold for $620 per buildable square foot.
The property is located at 2166 W 4th Ave., Vancouver.
Lot Size: 2,625 SF
Property Type: Retail
2017 B.C. Assessment Value: $3,589,400
Name of Brokerage: Lee & Associates
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