A 21-unit New West apartment building has sold for over $4.8 million, NAI Commercial tells Western Investor.
The four-storey rental building was built in 1969, situated on a nearly-13,000-square-foot lot. The property sold for over its assessed value of $3.9 million, at $230,000 per suite.
The property is located at 329 Seventh St., New Westminster.
Breakdown:
Price: $4,830,000
No. of Units: 21
Price/Unit: $230,000
Lot Size: 12,956 SF
Property Type: Multi-family
Zoning: RM-2
2017 B.C. Assessment Value: $3,920,000
Date of Sale: 01/18/2018
City: New Westminster
Province: B.C.
Name of Brokerage: NAI Commercial
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