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Quesnel multi-family property trades for $58,333 per door

Three-building asset represents a value-add opportunity
231-hartley-street-quesnel
A three-building asset at 231 Hartley, St., Quesnel, sold Jan. 15 for $1.4 million.

DEAL | Set on a half-acre site with RM-2 zoning, 231 Hartley St., Quesnel, is home to three eight-unit multi-family buildings. The property sold Jan. 15 for $1.4 million, well below the asking price of $1.75 million. The sale price averaged $58,333 per unit. The suite mix includes six bachelor units, seven one-bedroom units, and 11 two-bedroom units. Maintenance within all buildings is done on an "as-needed" basis, which provides ample value-add opportunities for hands-on investors.

PRICE | $1,400,000

FROM | Nathan Legg, CDN Global Ltd.