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Magnolia Manor

325 Ash Street, New Westminster

SOLD $5,750,000

Price $6,150,000
Property type Apartment building
Units 27
Storeys 3
Year built 1967
Lot size 157.5’ × 132’ (20,790 SF)
Zoning RM-2 Multiple Dwelling Districts
Price per unit $227,778
Cap rate 2.7%
Gross income multiplier 21.2
Parking 26
PID 003-721-060, 003-721-078, 003-721-094
Legal description Lots 2–4 of Lot 34 Suburban Block 6 Plan 2620
Sale price $5,750,000
Sale date 02/12/2020

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