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Mixed-use Langley property fetches $1.21 million

The building of approximately 5,120 square foot boasts two residential units upstairs and two retail units downstairs in a commercial area of Aldergrove, Township of Langley, B.C.
Edwin Astafanus, William Wright Commercial

Type of property: Mixed-use/ retail residential 

Location: 3083, 276 Street, Langley, B.C.

Size of property: 5,120 square feet (approximate)

Zoning: C-3

Cap rate at full rental: 5 per cent

Listing price: $1.27 million

Sale price: $1.21 million

Date of sale: April 22, 2020

Brokerage: William Wright Commercial, Vancouver

Broker: Edwin Astafanus