A 26-unit apartment building in New Westminster was sold for $9.25 million, William Wright Commercial reports.
The four-storey property was recently renovated, selling for $355,768 per suite. The property is 22,200 square feet, with an assessed value of $4,670,000.
The property is located at 1315 Seventh Ave., New Westminster.
Breakdown:
Price: $9,250,000
No. of Units: 26
Price/Unit: $355,769
Lot Size: 22,200 SF
Property Type: Multi-family
Zoning: RS1
2017 B.C. Assessment Value: $4,670,000
Date of Sale: 10/15/2018
City: New Westminster
Province: B.C.
Name of Brokerage: William Wright Commercial
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