A 27-unit apartment building in New Westminster has sold for $6.48 million, CBRE Vancouver reports.
Cedarville Apartments sold for approximately $240,00 per suite. The rental apartment building has an assessed value of $5,852,000, before selling for more than half a million more.
The property is located at 311 Ash St., New Westminster.
Breakdown:
Price: $6,480,000
No. of Units: 27
Price/Unit: $240,000
Property Type: Multi-family
2017 B.C. Assessment Value: $5,852,000
City: New Westminster
Province: B.C.
Name of Brokerage: CBRE Vancouver
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