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Saanich apartment complex trades in court-ordered sale

Sale price averaged $270,460 per suite
4026-quadra-street
Starlight Investments acquired 4026 Quadra St., Saanich, for $23.5 million on Oct. 10.

DEAL | The court-ordered sale of 4026 Quadra Street, Saanich, to Starlight Investments of Toronto was approved Sep. 25 for $23.5 million. Formerly owned by Asfars Holdings Ltd., the 87-suite complex sits on two acres zoned for high-density residential development of up to 18 storeys. The sale completed Oct. 10 at an average of $270,460 per suite. The listing was held by Ross Marshall and Chris Rust of CBRE Ltd. in Victoria.

PRICE | $23,530,000

FROM | CBRE Ltd./BC Land Title & Survey Authority