A 19-unit apartment building near Broadway-City Hall SkyTrain Station has sold for $9.47 million, NAI Commercial reports.
The two-storey building was built in 1967, with an assessed value of $6.57 million. The property sold for approximately $498,684 per suite, for a total of nearly $4 million above its value. The building is situated on a 12,406-square-foot lot near the future Canada Line Broadway Extension.
The property is located at 230 West 10th Ave., Vancouver.
Breakdown:
Price: $9,475,000
No. of Units: 19
Price/Unit: $498,684
Lot Size: 12,406 SF
Property Type: Multi-family
Zoning: RM-4
2017 B.C. Assessment Value: $6,571,000
Date of Sale: 05/04/2018
City: Vancouver
Province: B.C.
Name of Brokerage: NAI Commercial
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