Multi-Family Real Estate New Developments

New Development: 1968 – 1976 Suffolk Ave, Coquitlam

pocomapA rezoning and development application has been submitted to the City of Port Coquitlam to develop the property located at 1968 – 1976 Suffolk Ave. Kingsley K. Lo Architect Inc. are the architects submitting the application for the 28-unit, 4-storey woodframe condominium project.

Multi-Family Real Estate New Developments

Launched: The Hub on Fraser

thehubThe Hub on Fraser, located in the Guildford area of Surrey on Fraser Highway, launched their new branding and marketing campaign and website recently. According to the website the unit mix will consist of One and Two bedroom units, some with Den and some without.

Number of units: 108
Building Height: 4 storeys
Parking Spaces: 164


Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 2033 Beach Avenue Vancouver

Oceanaire Apartments on 2033 Beach Avenue was just sold for the price of $11,368,000. Sources say this has an approximate capitalization rate of 3.4%. This follows a trend of lower cap rate sales in high-demand areas. The building had a total assessment price of $7,804,000. The building has 36 units, and was brokered by Bill Goold.