Twelve Oaks strata in Vancouver’s South Granville neighbourhood sold for $21.5 million, brokered by Colliers International.
The 30-unit building is three storeys and was built in 1974. The wood-frame complex sold for an impressive $716,667 in what was reported to be a strata wind-up sale. The sale made news for being one of the first strata sales that passed without a unanimous vote. The site sold for more than twice the property’s 2016 assessed value of $10.6 million.
The property is located at 2777 Oak St., Vancouver.
Breakdown:
Price: $21,500,000
No. of Units: 30
Price/Unit: $716,667
Property Type: Multi-family
2016 B.C. Assessment Value: $10,630,000
City: Vancouver
Province: B.C.
Name of Brokerage: Colliers International
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