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Sechelt mixed-use multi-family sells $800K over assessed value

Downtown complex has two leased retail units below four rental apartments and sold for more than $2 million.
Holywell Properties, Sechelt, B.C. for Western Investor
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Holywell Properties, Sechelt, for Western Investor

Property type: Mixed-use multi-family

Location: 5517 Wharf Avenue, Sechelt, B.C.

Number of units: 6

Size of property: 5,678 square feet

Land size: 7,405 square feet

Land size in acres: 0.17 acres

Zoning: C-2

B.C. Assessment value (2020): $1.25 million

List price: $1.99 million

Sale price: $2.06 million

Date of sale: May 13, 2021

Brokerage: Holywell Properties, Sechelt, B.C.

Broker: Adam Major