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Aspen 1455 West 71st Ave 21 Unit Apartment Building $7,680,000 CAD ($365,714 CAD/Unit) 3.33% Cap Rate Vancouver, BC V6P 3B6
Executive Summary
The Aspen presents investors the opportunity to purchase a well-positioned multifamily asset in Vancouver's Marpole neighbourhood with the opportunity to continue adding value on tenant turnover. The building has been self-managed and well cared for over the course of ownership. Recent upgrades include new decks, balcony railings, upgraded electrical panels, and hot water tank. Many of the suites have been recently renovated on turnover, complete with modern kitchens, bathrooms, and flooring. These suites are currently achieving above market rents, paving the way for a future owner to continue the program on tenant turnover and further bolster gross revenues. on a large 13,000 sf lot, boasting an excellent walk score of 89, showcasing the property's terrific proximity to shops, transit, restaurants, and amenities along Granville Street
Property Facts
| Price | $7,680,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $365,714 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 3.33% | Building Size | 13,000 SF |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | RM-3A - Residential | ||
| Price | $7,680,000 CAD |
| Price Per Unit | $365,714 CAD |
| Sale Type | Investment |
| Cap Rate | 3.33% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,000 SF |
| No. Stories | 4 |
| Year Built | 1965 |
| Zoning | RM-3A - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
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Photos
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Street
Map
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Aspen | 1455 West 71st Ave
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