A highrise apartment building in New Westminster sold for $90.8 million, Western Investor has learned.
The 282-suite building was built in 2017 and includes five commercial retail units. The 26-storey property is a purpose-built rental tower situated on a 30,239-square-foot lot.
The property is located at 527 Carnarvon St., New Westminster.
Breakdown:
Price: $90,800,000
No. of Units: 282
Price/Unit: $321,986
Lot Size: $30,139 SF
Property Type: Multi-family
Zoning: CD-56
2017 B.C. Assessment Value: $84,393,000
City: New Westminster
Province: B.C.
Name of Brokerage: HQ Commercial
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