Lady Sharon 1320 King Albert Ave 65 Unit Apartment Building $18,500,000 CAD ($284,615 CAD/Unit) 4% Cap Rate Coquitlam, BC V3J 1Y1

Lady Sharon Apartments is a well-maintained 65-suite multifamily asset situated on a substantial 2.21-acre site in Coquitlam’s Austin Heights neighbourhood. The property features exceptionally large rental suites—significantly above the submarket average—and a strong suite mix with a majority of spacious two-bedroom units. With current rents positioned below market levels, the asset presents notable potential for revenue growth through tenant turnover. Recent capital upgrades include extensive suite renovations, major roof replacements, and ongoing building maintenance, making the offering an attractive long-term investment within an evolving and increasingly dense urban node.
Positioned in the heart of Austin Heights, the property benefits from immediate access to retail, schools, community amenities, and multiple transit connections. The neighbourhood is supported by an established Official Community Plan (OCP), driving significant ongoing investment and redevelopment activity. Nearby amenities range from parks and community centres to grocery stores, cafés, and numerous dining options, all within a walkable and well-connected setting. With strong local demographics—including steady population growth and a high median household income—the area supports long-term tenant demand and sustained investment value.