New Westminster apartments sold for more than $2M above value

The 15-unit rental property has an assessed value of $3.58 million and sold for $5.9 million

for Western Investor
September 5, 2018

third avenue
A 15-unit rental building in New Westminster has sold for $5.9 million, CBRE Vancouver reports. 
The three-storey walkup was built in 1959 and has an assessed value of $3.58 million. The building sold for approximately $393,333 per suite. 
The property is located at 304 Third Ave., New West. 


Price: $5,900,000
No. of Units: 15
Price/Unit: $393,333
Lot Size: 8,712 SF
Property Type: Multi-family 
2017 B.C. Assessment Value: $3,581,000
City: New Westminster    
Province: B.C. 
Name of Brokerage: CBRE Vancouver


Do you have a Done Deal you'd like to promote? Submit here for a free posting!

Lance is executive vice president of CBRE’s National Apartment and Investment Properties Group with close to 21 years of experience in commercial real estate.

CBRE Canada
Suite 2500, 1021 W Hastings St.
Vancouver, B.C. V6E 0C3
Office: 604-662-5141

Copyright © Western Investor

Email to a Friend

Most Popular
Get the Newsletter