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2045 Maple St 14 Unit Apartment Building $6,400,000 CAD ($457,143 CAD/Unit) 3.81% Cap Rate Vancouver, BC V6J 3T2
Executive Summary
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Audrey Manor – a fully renovated 14-suite rental apartment building located in the heart of Kitsilano at 2045 Maple Street (the “Property”). Situated just off West 4th Avenue, the Property sits at the centre of one of Vancouver’s most desirable and enduring neighbourhoods, steps from Kitsilano’s celebrated restaurants, cafés, boutiques, and recreational amenities, with easy access to downtown Vancouver and UBC. Kitsilano’s consistently strong rental demand and world class amenities make it one of the most sought-after multifamily markets in the country. The opportunity offers a turnkey asset with high-quality finishes throughout. Every suite is equipped with a dishwasher and gas stove, premium features that set the building apart and support strong tenant retention and rental performance. With a suite mix of bachelor’s and one-bedrooms, the Property generates strong in-place income reflective of Kitsilano’s robust rental fundamentals and the quality of the renovated asset, with further upside available as suites turn over to current market rates. Audrey Manor presents investors with a rare opportunity to acquire a fully renovated, income producing apartment building in one of Vancouver’s most coveted and consistently high demand rental neighbourhoods.
Property Facts
| Price | $6,400,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $457,143 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.81% | Building Size | 12,000 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | R3-3 - Residential | ||
| Price | $6,400,000 CAD |
| Price Per Unit | $457,143 CAD |
| Sale Type | Investment |
| Cap Rate | 3.81% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 12,000 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R3-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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2045 Maple St
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