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Vancouver mixed-use building sells over assessment

Property with two rental apartments and a retail unit on a 3,588-square-foot lot in East Vancouver sold for $616,400 above its assessed value.
A 3916 Main Street, Vancouver Just Sold
Fraser Elliott Group, Vancouver, for Western Investor

Property type: Retail (mixed use)

Location: 3916 Main Street, Vancouver

Number of units: 3

Size of property: 3,464 square feet

Size of land: 3,588 square feet

Land size in acres: 0.08 acres

BC Assessment value (2021): $2.90 million

List price: $3.59 million

Sale price: $3.52 million

Date of sale: October 15, 2021.

Brokerage: Fraser Elliott  Group, Vancouver

Broker: Fraser Elliott.