A condo building in the Marpole neighbourhood has sold for $7.3 million, NAI Commercial tells Western Investor.
The three-storey Westside multi-family building has potential for redevelopment up to six storeys. The property was recently remodeled with renovations including new cabinets, paint, laminate flooring and more. The property falls within the new Marpole Official Community Plan, with 2.5 FRS, with a potential buildable area of 28,468 square feet. The building sold for $429,411 per unit.
The property is sold for 8580 Oak St., Vancouver.
Breakdown:
Price: $7,300,000
No. of Units: 17
Price/Unit: $429,411
Lot Size: 11,387 SF
Property Type: Multi-family
2016 B.C. Assessment Value: $5,194,000
Date of Sale: 09/12/2017
City: Vancouver
Province: B.C.
Name of Brokerage: NAI Commercial
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