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2075 37th Av W 2 Unit Apartment Building $3,350,000 CAD ($1,675,000 CAD/Unit) Vancouver, BC V6M 1N7
Investment Highlights
- Mixed-use investment property in an established neighbourhood.
- Potential to increase rents.
- Boasts an exceptional walk score of 94.
- Directly across from a local secondary school.
- Eligible for multiplex development.
- Surrounded by tree-lined streets.
Executive Summary
To acquire a mixed-use investment opportunity in Kerrisdale - 5 units consisting of 3 commercial units on the ground floor and two large apartments above. The building is directly across from Point Grey Secondary School in an excellent Kerrisdale location. This is a unique opportunity to acquire and renovate a smaller income generating building on the west side. There is potential to increase the rents which are currently below market. Note that the commercial use is legally non-conforming. The site is also eligible for multiplex (5-8 units) development, providing holding income with future development potential.
Property Facts
| Price | $3,350,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,675,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 2 | Building Size | 5,813 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1929 |
| Zoning | R1-1 - Residential Inclusive District | ||
| Price | $3,350,000 CAD |
| Price Per Unit | $1,675,000 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,813 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | R1-1 - Residential Inclusive District |
Amenities
Site Amenities
- Laundry Facilities
- Awning
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
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2075 37th Av W
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