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Delta golf course sold for double the assessed value

Sunshine Woods Golf Centre sold for $4.5 million with an assessed value of $2.1 million
golf course
 
A Par 3 golf course in Delta has sold for $4.5 million, NAI Commercial tells Western Investor. 
 
The Sunshine Woods Golf Centre is 26.9 acres, including a driving range, small clubhouse and a teardown, single-family home. The property is split zoned in the Agricultural Land Reserve as C5 and A1. The property was listed for $5.5 million, with an assessed value of just over $2.1 million. 
 
The property is located at 10646 64th Ave., Delta. 
 

Breakdown: 

 
Price: $4,500,000
Lot Size: 26.9 acres 
Property Type: Golf course 
Zoning: C5/A1
2016 B.C. Assessment Value: $2,128,900
Date of Sale: 08/31/2017
City: Delta   
Province: B.C.
Name of Brokerage: NAI Commercial 
Name of Vendor: Sunshine Woods Golf Centre Inc. 
Name of Buyer: Chunjiang You 
 

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