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Robson Street 0.37-acre development site sold for $63 million

Destined for higher-density redevelopment, the Robson Professional Building site in Vancouver sold for more than $12 million over assessed value.
Fraser Elliott, Vancouver, for Western Investor
1525-robson-st-63m
Fraser Elliott, Vancouver, for Western Investor

Property: Office building

Location: 1525 Robson Street, Vancouver

Size of property: 27,485 square feet

Land size: 16,338 square feet

Land size in acres: 0.375 acres

BC Assessment value: $50.92 million

Listing price: $65 million

Sale price: $63 million

Date of sale: January 10, 2023

Brokerage: Fraser Elliott, Vancouver

Broker: Fraser Ellliott (and team).