The Kerrisdale property with prime development potential has sold for $13 million, Avison Young tells Western Investor.
The property currently houses an improved, 16,886-square-foot, 15-unit rental building. The three-storey building was constructed in 1956. The site is zoned for general commercial use and is a prime location for redevelopment, on Vancouver’s west side, with direct access to the Arbutus Greenway.
The property is located at 6060 East Boulevard, Vancouver.
Breakdown:
Price: $13,000,000
No. of Units: 15
Price/Unit: $866,666
Lot Size: 9,360 SF
Property Type: Multi-family
Zoning: C-2
2016 B.C. Assessment Value: $11,508,600
Date of Sale: 11/15/2017
City: Vancouver
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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