North Vancouver apartment building sold for $371K per unit

The 11-unit apartment building sold for $5.2 million

By
for Western Investor
April 16, 2019





acacia
 
An 11-unit apartment building in North Vancouver’s Central Lonsdale neighbourhood across from Lion’s Gate Hospital has sold for $5.2 million, The Goodman team at HQ Commercial reports. 
 
The three-storey Acacia Tree Place was built in 1957, on a 7,462-square-foot lot. The property is zoned for high-density residential development. The apartment building sold for approximately $ 371,428 per unit. 
 
The property is located at 228 East 15th St., North Vancouver. 
 

Breakdown: 

 
Price: $5,200,000
No. of Units: 11
Price/Unit: $371,428
Lot Size: 7,462 SF
Property Type: Multi-family 
2018 B.C. Assessment Value: $5,163,500
City: North Vancouver   
Province: B.C. 
Name of Brokerage: HQ Commercial 
 

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