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Victoria rental building sells for $197K per door

12-unit building sells for $2.36 million, more than $700K above assessed value
DD rental building Tattersall Drive Victoria BC

A 12-unit rental apartment building in Victoria has sold for $2.36 million, the equivalent of more than $197,000 per suite, and more than $700,000 above its assessed value.

Breakdown:

Price: $2.36 million

2019 assessed value: $1.59 million

Property type: Multi-family rental building

Number of units: 12

Address: 944 Tattersall Drive

City: Victoria, B.C.

Name of brokerage: CBRE

Agents: Lance Coulson and Greg Ambrose

Date of sale: July 2, 2019