Price: $4,470,000
No. of Units: 51
Price/Unit: $87,647
Lot Size: 37,581
Property Type: Multi-family
Zoning: R5
2015 B.C. Assessment Value: $3,574,000
Date of Sale: 10/15/16
City: Chilliwack
Province: B.C.
Name of Brokerage: HomeLife Glenayre Realty
A 51-unit apartment building in Chilliwack has sold for $4.47 million, Rick Toor of HomeLife Glenayre Realty tells Western Investor.
The multi-family complex features 39 one-bedroom units and 12 two-bedroom suites. The investment property has a gross annual revenue of over $420,000 and sold for a little under $1 million above its most recent B.C. Assessment value.
The apartments are located at 9482 Williams St. in Chilliwack.
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