A 15-unit rental building in New Westminster has sold for $5.9 million, CBRE Vancouver reports.
The three-storey walkup was built in 1959 and has an assessed value of $3.58 million. The building sold for approximately $393,333 per suite.
The property is located at 304 Third Ave., New West.
Breakdown:
Price: $5,900,000
No. of Units: 15
Price/Unit: $393,333
Lot Size: 8,712 SF
Property Type: Multi-family
2017 B.C. Assessment Value: $3,581,000
City: New Westminster
Province: B.C.
Name of Brokerage: CBRE Vancouver
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