Langley mixed-use property on 0.75-acres sells for $6.7 million

The fully-leased complex includes 13 residential rentals and three commercial units in downtown Langley City close to proposed SkyTrain station.

By
Frontline Real Estate Services / Surrey / B.C. / for Western Investor
November 26, 2020





5769 201A Street, city of langley
— Frontline Real Estate Services, Surrey, B.C., for Western Investor

Type of property: Mixed-use investment

Property location: 5769 201A Street, City of Langley, B.C.

Number of units: 16; 13 residential; three commercial

Commercial space: 9,212 square feet

Land size: 32,381 square feet

Land size in acres: 0.75 acres

Zoning: C-1 (downtown commercial)

List price: $6.7 million

Sale price: $6.7 million

Capitalization rate: 4.35 per cent

Sale date: August 2020

Brokerage: Frontline Real Estate Services, Surrey, B.C.

Brokers: Rebecca MacLeod and George Richmond


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