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North Van 6,907 square feet of retail sells $400K over assessed value

The modern, prime two-storey package, on 0.16 acres in Edgemont Village, traded at $5.3 million in a deal closing November 30.
Macdonald Commercial, Vancouver, for Western Investor

Property type: Retail

Location: 3012 Edgemont Boulevard, North Vancouver, B.C.

Size of property: 6,902 square feet

Size of lot: 7,212 square feet

Lot size in acres: 0.165 acres

Zoning: C-1 (General commercial Zone 1)

BC Assessment value: $4.9 million

List price: $5.7 million

Sale price: $5.3 million

Date of sale: November 30, 2022 (closing)

Brokerage: Macdonald Commercial, Vancouver

Broker: Sam Emam