Vancouver highrise sold for more than $10M above assessed value

The 62-unit building sold for $36,010,000 and has an assessed value of $25,034,000

for Western Investor
November 7, 2018

A highrise apartment near the Davie Village has sold for $36,010,000, Avison Young Commercial Real Estate reports. 
The 11-storey building has 62 units and was built in 1969. The property sold for approximately $580,806 per suite. The site has an assessed value of $25,034,000, more than $10 million less than its sale price. 
The property is located at 1170 Harwood St., Vancouver. 


Price: $36,010,000 
No. of Units: 62
Price/Unit: $580,806 
Property Type: Multi-family 
2017 B.C. Assessment Value: $25,034,000
City: Vancouver   
Province: B.C. 
Name of Brokerage: Avison Young Commercial Real Estate 

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Chris is a principal at Avison Young, specializing in multi-family investment.

Avison Young Commercial Real Estate
2900 - 1055 West Georgia Street
Vancouver, BC V6E 3P3
Office: 604-687-7331

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