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1603 Broadway E 22 Unit Apartment Building $7,688,000 CAD ($349,455 CAD/Unit) 2.44% Cap Rate Vancouver, BC V5N 1V9
EXECUTIVE SUMMARY
This well maintained 22 UNITS STRATA BUILDING offers 20-one-bedroom units and 2-two-bedrooms units. All with their own legal description. There are only two owners, one owner owns 11 units and the other owns the other 11 units. European built in the 1980’s, first time to market. This site is situated in the Commercial Drive Station Plan that can propose huge density and development upside. Ideal to keep as a rental and increase rents, renovate and sell off individual units or buy hold and develop in the future. There are many options. The rents are well under market, huge upside.
PROPERTY FACTS
| Price | $7,688,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $349,455 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 2.44% | Building Size | 20,000 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 0.05/1,000 SF |
| Zoning | RM-4 - Residential | ||
| Price | $7,688,000 CAD |
| Price Per Unit | $349,455 CAD |
| Sale Type | Investment |
| Cap Rate | 2.44% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 20,000 SF |
| No. Stories | 3 |
| Year Built | 1982 |
| Parking Ratio | 0.05/1,000 SF |
| Zoning | RM-4 - Residential |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Public Transportation
- Smoke Detector
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (92)
Bike Score®
Very Bikeable (80)
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1603 Broadway E
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