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 Coulson is the Executive Vice President of CBRE’s National Apartment and Investment Properties Group BC with 21-plus years of experience in commercial real estate, specializing in multi-family properties.

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