A New West rental apartment building has sold for $3.4 million, CBRE Vancouver reports.
The 17-unit building sold for $200,000 per unit, at slightly below its assessed value of $3.68 million. The three-storey building was built in 1969 and is situated on an 8,712-square-foot lot.
The property is located at 1012 Fourth Ave., New Westminster.
Breakdown:
Price: $3,400,000
No. of Units: 17
Price/Unit: $200,000
Lot Size: 8,712 SF
Property Type: Multi-family
2017 B.C. Assessment Value: $3,688,000
City: New Westminster
Province: B.C.
Name of Brokerage: CBRE Vancouver
