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Multi-Family rental sells for $6.66 Million located 50th Street, Chetwynd, B.C.

Chetwynd, B.C., multi-family rental sells at $110,000 per door

Oakwyn Realty Ltd.
Western Investor

Two properties with 60 units on 2.1-acre site in northern B.C. town sold for $6.6 million, nearly $3.5 million over the assessed value, after multiple offers.

Type of property: Multi-family rental

Location: 5133 and 5137 50th Street, Chetwynd, B.C.

Number of properties: 2

Number of units: 60 (total)

Size of property: 46,432 square feet

Size of land: 91,911.6 acres

Land size in acres: 2.11 acres

Zoning: RM2

BC Assessment value (2020): $3.12 million

List price: $6.96 million

Sale price: $6.66 million

Date of sale: April 28, 2021

Brokerage: Oakwyn Realty Ltd., Vancouver

Brokers: Chris Hayne, Eric Wu

 

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