A 25-unit apartment building in White Rock has sold for $7.12 million, Macdonald Commercial Real Estate Services reports.
The multi-family suite sold in an off-market transaction for $285,000 per suite, on October 30, 2018. The property has an assessed value of $5,485,000. The site is 22,000 square feet, with future redevelopment potential.
The property is located at 1485 Fir St., White Rock.
Breakdown:
Price: $7,127,000
No. of Units: 25
Price/Unit: $285,000
Lot Size: 22,000 SF
Property Type: Multi-family
Zoning: RM-2
2017 B.C. Assessment Value: $5,485,000
Date of Sale: 10/30/2018
City: White Rock
Province: B.C.
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd.
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