Purpose-built Langley rental building sold for $33M

Meridian Apartments has 90 units

By
for Western Investor
April 2, 2019





langley apartment
 
A newly constructed, purpose-built rental building in Langley sold for $33 million last year, CBRE Vancouver has reported. 
 
The 90-unit Meridian Apartments offers one- to three-bedroom suites, sold at approximately $366,666 per unit. 
 
The property is located at 5363 201 St., Langley.
 

Breakdown: 

 
Price: $33,000,000
No. of Units: 90  
Price/Unit: $366,666
Property Type: Multi-family 
2018 B.C. Assessment Value: $24,572,000
City: Langley 
Province: B.C. 
Name of Brokerage: CBRE Vancouver 
 

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Lance is executive vice president of CBRE’s National Apartment and Investment Properties Group with close to 21 years of experience in commercial real estate.

CBRE Canada
Suite 2500, 1021 W Hastings St.
Vancouver, B.C. V6E 0C3
Office: 604-662-5141

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