Price: $7,900,000
No. of Units: 25
Price/Unit: $316,000
Lot Size: 17,656 SF
Property Type: Multi-family
Zoning: RM-1
2016 B.C. Assessment Value: $6,508,000
Date of Sale: 02/10/2017
City: North Vancouver
Province: B.C.
Name of Brokerage: JLL Canada
Two attached apartment complexes in North Vancouver have sold for $7.9 million, David Venance of JLL reports.
Twin Manor is situated on nearly 18,000 square feet of medium density residential land, offering developers opportunity for future redevelopment. The site has potential for approximately 45,905 square feet of buildable area. The property was listed on the market for $9 million and has an assessed value of $6.5 million. The sale includes 25 residential rental units, included 12 one-bedroom suites, 11 two-bedroom units and two bachelor suites.
The property is located at 127 & 129 E 12th St., in Lower Lonsdale.
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