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North Burnaby apartment complex sold for $32.5M

The sale includes four apartment buildings comprised of 117 suites
inlet drive
 
Four apartment buildings comprising of 117 suites has sold for $32.5 million, Colliers International tells Western Investor.
 
The sale includes four apartment buildings at the base of Burnaby Mountain. The units sold for approximately $277,777 each. The buildings total 105,000 square feet. 
 
The properties are located at 7070 Inlet Dr., Burnaby. 
 

Breakdown: 

 
Price: $32,500,000
No. of Units: 117 
Price/Unit: $277,777
Lot Size: 2.7 acres 
Property Type: Multi-family 
Zoning: RM2
2017 B.C. Assessment Value: $29,528,000
Date of Sale: 04/26/2018
City: Burnaby    
Province: B.C.
Name of Brokerage: Colliers International 
 

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