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New West warehouse sold for triple its value

An industrial building near Braid SkyTrain Station sold for $1.8 million, as compared to its $634,100 assessment
new west warehouse
The freestanding warehouse building also features an office suite.
 
Price: $1,825,000
Lot Size: 5,107 SFL 
Property Type: Industrial 
Zoning: CS-1
2015 B.C. Assessment Value: $634,100
City: New Westminster
Province: B.C.
Name of Brokerage: NAI Commercial
 
A freestanding warehouse building with office suite sold for more than triple its assessed value, Jon Meder of NAI Commercial reports. 
 
The industrial property was listed on the market for $1,988,000 and sold for $1,825,000. Its most recent B.C. Assessment value was $634,100. The building measures 5,334 square feet. 
 
The site is located near Braid SkyTrain Station in New Westminster, at 446 Rosseau St. 
 
 

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