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 is based in Marcus & Millichap’s Vancouver office, specializing in multi-family sales across the North Shore, Squamish, Burnaby and New Westminster.

Marcus & Millichap Real Estate
1020-400 Burrard Street
Vancouver, B.C. V6C 3A6
Office: 604-675-5200

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