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