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North Van. industrial site sells $1 million over assessment

The 0.27-acre corner lot, with development potential in the Norgate industrial area, fetched $5.2 million, or $438 per square foot.
Macdonald Commercial Real Estate Services, North Van industrial site

Tyoe of property: Industrial

Location: 1110 West 14th Street, North Vancouver, B.C.

Size of land: 0.27 acres

In square feet: 11,880 square feet

Zoning: EZ-LI (employment zone, light industrial)

BC Assessment value 2020: $4.2 million

Listing price: $5.5 million

Sale price: $5.2 million

Date of sale: August 14, 2020

Brokerage company: Macdonald Commercial Real Estate Services, Vancouver

Brokers: Nick Goulet and Stuart Wright