North Vancouver apartment building sells above $8M list price

Three-storey walk-up with 22 units drew multiple offers and sold for $8.02 million, above asking price and assessed value

By
for Western Investor
November 13, 2019





DD North Vancouver three-storey walk-up apartment building

A 22-unit, three-storey, walk-up rental apartment building in North Vancouver attracted multiple offers and sold for $8.02 million, which was higher than the list price and its assessed value, reports Marcus & Millichap.

Breakdown:

Property type: Multi-family rental building

Number of units: 22

Location: 1220 St. Georges Avenue, North Vancouver

Site size: 14,878 square feet

List price: $8 million

BC Assessment value: $7.53 million

Sale price: $8.02 million

Date of sale: November 4, 2019

Brokerage: Marcus & Millichap

Broker: Mike Guinan-Browne


Mike Guinan-Browne (PREC) is Senior Broker, Multi-Family and Development Land, at London Pacific Property Agents

London Pacific Property Agents Inc.
2nd Floor - 3660 Charles Street
Vancouver, BC V5K 5A9
londonpacific.ca
T 604 420 2600 Ext 215
C 604 805 9904
MGuinanBrowne@londonpacific.ca

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