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Langley apartment building sells for $39M

Brand new building goes in off-market deal, one of region's largest rental apartment transactions so far in 2019
DD Langley The Point Apartments

A brand new, 98-suite apartment building in Langley has sold for $39 million in an off-market deal, representing one of the largest rental apartment transactions in Metro Vancouver so far in 2019.

Breakdown:

Price: $39 million

Number of units: 98

Price per unit: $397,959

Property type: Multi-family rental

Date of sale: June 28, 2019

Address: 5393 201 Street

City: Langley, BC

Name of brokerage: CBRE National Apartment Group, Vancouver

Agent: Lance Coulson