White Rock multi-family site sold for $7.12M

The 25-unit apartment building sold for $285,000 per suite

By
for Western Investor
November 14, 2018





white rock building
 
A 25-unit apartment building in White Rock has sold for $7.12 million, Macdonald Commercial Real Estate Services reports. 
 
The multi-family suite sold in an off-market transaction for $285,000 per suite, on October 30, 2018. The property has an assessed value of $5,485,000. The site is 22,000 square feet, with future redevelopment potential. 
 
The property is located at 1485 Fir St., White Rock. 
 

Breakdown: 

 
Price: $7,127,000
No. of Units: 25
Price/Unit: $285,000
Lot Size: 22,000 SF
Property Type: Multi-family 
Zoning: RM-2
2017 B.C. Assessment Value: $5,485,000
Date of Sale: 10/30/2018
City: White Rock    
Province: B.C. 
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd. 
 

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Stuart specializes in commercial investment sales and has sale experience in the United Kingdom, Australia, and Canada.

Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue
Vancouver, BC V6J 1P5
Office: 604-736-5611

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