Villa Leah Apartments in Port Moody has sold for $6,600,000. The 32-unit lowrise walkup apartment building located near the city centre of Port Moody was extensively renovated prior to the sale. The price per unit is $206,000.
Located at 9500 Erickson Drive in Burnaby, this 528 residential suite, 21 commercial unit, 4 tower property recently sold for approximately $100,000,000. Built in 1973, the property currently produces $7,400,000 in gross income per year and sits on 7.5 acres of land.
Regency Towers, an 11-storey, 112 unit building located at 706 Queens Avenue in New Westminster has been bought by a private investor for $14,975,000, representing $133,000 per unit.
The New Westminster apartment market continues to see a strong pace of transaction activity bolstered by strong fundamentals and relatively attractive prices on a per unit basis.
La Carina Apartments, a 12-storey 37-unit building located at 1937 Pendrell Street in the West End of Vancouver has sold for $13,500,000, representing $365,000 per unit.
The vendor and purchaser were both private investors.
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