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21387 Dewdney Trunk Rd
Maple Ridge, BC V2X 3G5
Glenwood Manor · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Desirable Suite Mix consisting of 35 one-bedrooms and 13 two-bedrooms
- Supplemental Income dedicated covered parking rented at $30/stall on turnover and 6 owned laundry machines
- Held in a Bare Trust offering the potential of significant property transfer tax savings
- Prime Maple Ridge Location with plans for significant infrastructure upgrades with transit connectivity to other major hubs
EXECUTIVE SUMMARY
Constructed in 1971, Glenwood Manor is a 48-suite three storey wood frame apartment building situated on a 1.1-acre lot. The building has been well-maintained throughout the years with roof replacements, suite upgrades, plumbing, new intercom system, parking gate motor replacement, and was recently repainted. All suites have breaker panels. The building is also equipped with a back-up generator for common area lighting and the elevator.
PROPERTY FACTS
| Price Per Unit | $242,708 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 3.64% | Building Size | 42,816 SF |
| No. Units | 48 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Zoning | RS-1 | ||
| Price Per Unit | $242,708 CAD |
| Sale Type | Investment |
| Cap Rate | 3.64% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 42,816 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1971 |
| Zoning | RS-1 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
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