New Westminster Reported New Westminster Featured & Tri-Cities Edition & Tri-Cities Apartment Sales Listings Your Apartment Experts

ADDRESS DETAILS SALE PRICE

SOLD 1411 Hachey Avenue • 22 Units 1. $4,500,000 Coquitlam • $204,545 per Unit

SOLD 210A Evergreen Drive • 64 Units 2. $31,750,000 Port Moody • $496,094 per Unit 2225 West 1st Avenue, Vancouver, BC 310 East 13th Avenue, Vancouver, BC >> Highly coveted “North-of-Fourth” location >> Tremendous value-add opportunity >> 12 suite wood-frame apartment building >> 221 feet of contiguous frontage >> $6,898,000 >> $11,198,000 SOLD 527 Carnarvon Street • 282 Units 3. $90,800,000 New Westminster • $321,986 per Unit

SOLD 1040 Howie Avenue • 54 Units 4. $10,128,400 Coquitlam • $187,563 per Unit

2749 Main Street, Vancouver, BC 2919 Prince Edward Street, Vancouver, BC SOLD 325 Casey Street • 33 units 5. $5,900,000 Coquitlam • $178,888 per Unit >> Irreplacable corner lot in Mount Pleasant >> Renovated 8-unit apartment building >> Two-storey, wood-frame, mixed-use building >> Nearly 40% of the homes are loft-style suites >> $6,998,000 >> $4,398,000

STEVE FAME DAN CHATFIELD JONATHAN GEE SOLD 222 Ash Street • 52 Units 6. $11,000,000 Personal Real Estate Corporation 604 318 6313 604 781 9865 New Westminster • $211,538 per Unit 604 761 3263 [email protected] [email protected] [email protected]

This document/email has been prepared by Colliers International for advertising and COLLIERS INTERNATIONAL general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, 200 Granville Street, 19th Floor but not limited to, warranties of content, accuracy and reliability. Any interested party SOLD 1000 Brunette Avenue • 126 Units Vancouver, British Columbia should undertake their own inquiries as to the accuracy of the information. Colliers 7. $21,500,000 International excludes unequivocally all inferred or implied terms, conditions and Coquitlam • $170,635 per Unit Canada V6C 2R6 warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International www.collierscanada.com and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. HL/05/2018

New Westminster & Tri-Cities

Purpose Built Activity New Westminster Update Tri-Cities Sale Metrics

New Westminster has quickly become one of the most sought-after multifamily districts Years Total $ Volume Total Units Sold Average Cap Rate Average Price per Unit

in Greater Vancouver. The rapid appreciation of rental rates in Vancouver coupled with 2011 $12,508,000 126 4.45% $99,270 the abundance of rapid transit options has made New Westminster a top choice for 2012 $119,013,000 587 4.68% $202,748 young professionals and students. This is evident as the average price-per-unit value has increased a staggering 126% from 2012 and inversely, the average capitalization rate has 2013 $1,340,000 10 3.60% $134,000

decreased approximately 203 basis points to 2.77% in the same time period. 2014 $6,520,000 46 4.90% $141,739

2015 $30,271,771 195 4.30% $155,240

2016 $40,880,000 164 3.50% $249,268 New Westminster Sale Metrics 2017 $76,000,000 299 3.34% $254,181 Years Total $ Volume Total Units Sold Average Cap Rate Average Price per Unit

2012 $23,675,000 234 4.80% $101,175

2013 $25,934,000 200 5.10% $129,670 Capitalization Rate vs. Price Per Unit

2014 $26,453,365 188 4.83% $140,709 $300,000 6.00% 2015 $145,093,143 793 4.20% $182,967

2016 $65,149,888 393 3.50% $165,776 $250,000 5.00%

2017 $48,155,000 241 2.96% $199,813 $200,000 4.00% 2018 $30,700,000 134 2.77% $229,104 $150,000 3.00%

Capitalization Rate vs. Price Per Unit $100,000 2.00%

$250,000 6.00% Current & Proposed Purpose Built Rental $50,000 1.00%

Concrete 5.00% $200,000 $0 0.00% Row Labels # of Developments Total Units Average Height Average # Units per Development 2011 2012 2013 2014 2015 2016 2017 Coquitlam 4 553 19 138 4.00% Average Price per Unit Average Cap Rate New Westminster 5 1090 27 218 $150,000 Port Moody 2 241 21 121 3.00% Grand Total 11 1,884 23 171 $100,000 For more information regarding this newsletter or any other inquiries, 2.00% Woodframe please contact us. Your call is always welcome. Row Labels # of Developments Total Units Average Height Average # Units per Development $50,000 Coquitlam 5 380 5 76 1.00% New Westminster 8 649 4 81 Port Coquitlam 5 468 5 94 $0 0.00% Port Moody 2 372 5 186 2012 2013 2014 2015 2016 2017 2018 Grand Total 20 1,869 5 93 Average Price per Unit Average Cap Rate