Kitsilano mixed-use site sells above assessed value

By
for Western Investor
November 18, 2019





DD kitsilano mixed use retail residential three units

A mixed-use retail and residential building in Vancouver’s Kitsilano area has sold for $8.8 million, above the assessed value of $7.9 million but $1.1 million below its list price, reports Fraser Elliott Group.

Breakdown:

Property type: Mixed-use retail/residential

Location: 2041 West 4th Avenue, Vancouver

Number of units: 3

Zoning: C-2B

Property size: 7,750 square feet

Land size: 5,580 square feet

B.C. Assessment value: $7.9 million

List price: $9.9 million

Sale price: $8.8 million

Date of sale: November 4, 2019

Brokerage: Fraser Elliott Group

Broker: Fraser Elliott


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