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Mission townhouse development site sold for $4M above assessed value

The 4.97-acre property has an assessed value of $1.06 million and sold for $5.15 million
mission
 
A nearly five-acre development site in Mission has sold for $5.15 million, Royal LePage Wheeler Cheam tells Western Investor. 
 
The 4.97-acre raw development property is designated for townhouse development in the Cedar Valley district of Mission. The site currently includes a one-storey single-family home. 
 
The property is located at 9023 Cedar St., Mission. 
 

Breakdown: 

 
Price: $5,150,000
Lot Size: 4.97 acres 
Property Type: Land 
Zoning: RS 2
2017 B.C. Assessment Value: $1,067,400
Date of Sale: 11/15/2018
City: Mission
Province: B.C.
Name of Brokerage: Royal LePage Wheeler Cheam
 

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