Skip to content
  1. Home
  2. Done Deals

REIT buys 93-unit multi-family in Langley for $53.7M

Canadian Apartment Properties Real Estate Investment Trust bought the upscale new Parque on Park rental building for more than $577,000 per door.
CBRE National Apartment Group, Vancouver, for Western Investor
a-20449-park-langley-parque_001
CBRE National Apartment Group, Vancouver, for Western Investor

Property type: Multi-family rental.

Location: 20449 Park Avenue, Langley, B.C.

Number of units: 93

Year built: 2022.

Average unit size: 1,000 square feet

Price: $53.7 million.

Buyer: Canadian Apartment Properties Real Estate Investment Trust, Toronto.

Brokerage: CBRE, Vancouver.

Brokers: Lance Coulson and the CBRE National Apartment Group – B.C. team, Vancouver.