New Westminster rental apartments sold for $6.48M

Cedarville Apartments has 27 units, sold for $240,000 per suite

By
for Western Investor
September 4, 2018





cedarville apartments
 
A 27-unit apartment building in New Westminster has sold for $6.48 million, CBRE Vancouver reports. 
 
Cedarville Apartments sold for approximately $240,00 per suite. The rental apartment building has an assessed value of $5,852,000, before selling for more than half a million more. 
 
The property is located at 311 Ash St., New Westminster. 
 
 

Breakdown: 

 
Price: $6,480,000
No. of Units:  27
Price/Unit: $240,000
Property Type: Multi-family 
2017 B.C. Assessment Value: $5,852,000
City: New Westminster 
Province: B.C. 
Name of Brokerage: CBRE Vancouver 
 
 

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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

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