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Surrey strata apartment sold for $5.1M

The three-story, multi-family building sold for approximately $222K per suite
strata
 
A 23-unit strata apartment building in Surrey has sold for $5.1 million, NAI Commercial reports. 
 
The three-storey building was built in 1983 on a 33,000-square-foot lot. The apartment sold for approximately $222,826 per suite. The complex is made up of a majority of two and one-bedroom suites around 900 square feet. The sale was completed on Dec. 5, 2017. 
 
The property is located at 10011 150th St., Surrey. 
 

Breakdown:

 
Price: $5,125,000
No. of Units: 23 
Price/Unit: $222,826
Lot Size: 33,000 SF
Property Type: Multi-family 
Zoning: Multiple Residential 45 Zone
Date of Sale: 12/05/2017
City: Surrey
Province: B.C.
Name of Brokerage: NAI Commercial
 

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