New Westminster multi-family building sold for $4.25M

The 21-unit building sold for $202,380 per suite

By
for Western Investor
June 13, 2019





hamilton st
 
A 21-unit New Westminster apartment building has sold for $4.25 million, CBRE Vancouver reports. 
 
The multi-family building was constructed in 1962 and is situated on a 13,068-square-foot lot. The three-storey property sold for approximately $202,380 per suite. 
 
The property is located at 1117 Hamilton St., New Westminster. 
 

Breakdown: 

 
Price: $4,250,000
No. of Units: 21 
Price/Unit: $202,380 
Lot Size: 13,068 SF 
Property Type: Multi-family 
2018 B.C. Assessment Value: $5,449,000
Date of Sale: 05/02/2019
City: New Westminster   
Province: B.C. 
Name of Brokerage: CBRE Vancouver
 

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Greg Ambrose is a Senior Sales Associate on CBRE’s National Apartment & Investment Properties Group, with 15-plus years of commercial real estate experience, specializing in multi-family properties. CBRE Canada Suite 2500, 1021 W Hastings St. Vancouver, B.C. V6E 0C3 Office: 604-662-5178
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