A new Kitsilano rental renovation project has sold for $10.5 million, CBRE Vancouver reports.
The building is being renovated to include a 4th floor addition and remodeled interiors to the 1964 structure. The property has an assessed value of over $6.6 million and sold for a whopping $807,692 per suite. The apartment sold for it’s full list price.
The property is located at 2150 W 1st Ave., Vancouver.
Breakdown:
Price: $10,500,000
No. of Units: 13
Price/Unit: $807,692
Property Type: Multi-family
2016 B.C. Assessment Value: $6,627,000
City: Vancouver
Province: B.C.
Name of Brokerage: CBRE Vancouver
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