New Westminster rental building sold for $5.65M

The 16-unit apartment sold for $353,125 per suite

By
for Western Investor
June 18, 2018





seventh ave
 
A 16-unit rental apartment building in New Westminster has sold for $5.65 million, the Goodman Report team of HQ Commercial reports. 
 
Westview Manor consists of 11 one-bedroom suite and five two-bedroom units, sold at approximately $353,125 per suite. The property features views of the Fraser River and Valley and is only a five-minute walk to Moody Park. The property was listed for $5,760,000 and assessed at $3,373,000. 
 
The property is listed at 1210 Seventh St., New West. 
 

Breakdown: 

 
Price: $5,650,000
No. of Units: 16
Price/Unit: $353,125
Property Type: Multi-family 
Zoning: RT-1A
2017 B.C. Assessment Value: $3,373,000
City: New Westminster  
Province: B.C. 
Name of Brokerage: HQ Commercial 
 

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Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

Cynthia Jagger is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. She is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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