Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 535-555 Shaw Avenue, Coquitlam

555shawThe Renaissance Apartments on Shaw Avenue were sold earlier this month, brokered by NAI Commercial Real Estate. The property is improved with 111 low-rise apartment units on approximately 1.83 Acres in Coquitlam, close to the Lougheed Hwy and North Road intersection. The zoning for the area is RM-2, which allows for a 0.9 FSR, and 3-storey maximum height. The property sold for $11,950,000, and the asking price was $13,800,000.

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