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1133 W 70th Ave 26 Unit Apartment Building $9,900,000 CAD ($380,769 CAD/Unit) 3.50% Cap Rate Vancouver, BC V6P 2Y2
EXECUTIVE SUMMARY
This building is turnkey and exceptionally well run. Incredible Opportunity and potential for 6 storeys under the Marpole community plan. This 4-storey building offers secure 20 underground parking and comprises 26 unit apartment building are individually strata-titled units with elevator in the heart of Marpole area of Vancouver. The entire building is currently fully occupied, generating a substantial rental income. The building has been self-managed and well cared for over the course of ownership. This property is already stratified and any unit can be upgraded and sold for great profits individually. Subject site is located 2 blocks West of Oak street and easy access to Vancouver, Richmond and the Airport via Oak Street and Granville Street. 13 renovated units with the ability to increase current NOi with an update to the 13 remaining units. Separate Hot Water tanks. Separate laundry hookups in each unit.
PROPERTY FACTS
| Price | $9,900,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $380,769 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 3.50% | Building Size | 14,164 SF |
| No. Units | 26 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | RM-3A | ||
| Price | $9,900,000 CAD |
| Price Per Unit | $380,769 CAD |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,164 SF |
| No. Stories | 4 |
| Year Built | 1995 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | RM-3A |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Granite Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 455 - 601 |
1 1
Walk Score®
Walker's Paradise (93)
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1133 W 70th Ave
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