Renovated New Westminster apartment building sold for $9.25M

The 26-unit property sold for $355,768 per suite

By
for Western Investor
October 16, 2018





new westminster apartment
 
A 26-unit apartment building in New Westminster was sold for $9.25 million, William Wright Commercial reports. 
 
The four-storey property was recently renovated, selling for $355,768 per suite. The property is 22,200 square feet, with an assessed value of $4,670,000. 
 
The property is located at 1315 Seventh Ave., New Westminster. 
 

Breakdown: 

 
Price: $9,250,000
No. of Units: 26
Price/Unit: $355,769
Lot Size: 22,200 SF 
Property Type: Multi-family 
Zoning: RS1 
2017 B.C. Assessment Value: $4,670,000
Date of Sale: 10/15/2018
City: New Westminster    
Province: B.C. 
Name of Brokerage: William Wright Commercial 
 
 

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Will has over ten years of sales, marketing and real estate investing experience.

William Wright Commercial
430-605 Robson Street
Vancouver, BC V6B 5J3
Office: 604-428-5255

Cory specializes in the acquisition and sale of commercial investment properties in Metro Vancouver, the Fraser Valley and Chilliwack market.

William Wright Commercial
430-605 Robson Street
Vancouver, BC V6B 5J3
Office: 604-428-5255

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