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Downtown New Westminster apartment building sold for $8.4 million

The 37-unit Edmond's Kourt sold for nearly $2 million above assessed value
edmond's kourt
 
Price: $8,430,000
No. of Units: 37 
Price/Unit: $227,837
Lot Size: 20,554 SF
Property Type: Multi-family
Zoning: RM2
2016 B.C. Assessment Value: $6,855,000
Date of Sale: 03/09/17
City: New Westminster 
Province: B.C. 
Name of Brokerage: JLL
 
Edmond’s Kourt apartments in New West have sold for $8.4 million, David Venance of JLL.
 
The building is centrally located near the downtown New Westminster SkyTrain station and consists of 37 rental units, priced at $227,837 per suite. There are 22 one-bedroom suites, 12 two-bedroom suites, two penthouse suites, and one bachelor unit. The building is 24,030 square feet on a 20,554-square-foot corner lot, with a rental income of $475,308 per year. 
 
Edmond’s Kourt is located at 735 Royal Ave., New West. 
 
 

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