Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 3091 Lincoln Avenue, Coquitlam

windsorgatePolygon has sold their brand new Greensborough at Windsor Gate real estate development at 3091 Lincoln Avenue in Coquitlam. The building is a 66 Unit, 4-Storey, Low-Rise apartment building, sitting on a 0.94 Acre lot zoned RM-6, which allows for 2.2 FSR Multi-Family development. The marketing website for the development is no longer available.

The asking price for the property was $11,500,000, and the selling price was $10,450,000. Sources indicate this is approximately a 6.4% cap rate.

PDF of the Floorplans Attached

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