2178 Triumph St 35 Unit Apartment Building $9,950,000 CAD ($284,286 CAD/Unit) 4% Cap Rate Vancouver, BC V5L 1K9

2178 Triumph Street presents a rare opportunity to acquire a 35-unit multifamily asset in Vancouver’s vibrant Grandview-Woodland neighborhood. With nearly half of the suites already renovated and a 38% rental upside based on market comparables, this property offers immediate income growth and long-term redevelopment potential.
Situated on an 18,117 SF lot with 150 feet of frontage, the site is designated under the Grandview-Woodland Community Plan for up to six stories and 2.4 FSR, making it ideal for future secured rental housing development. The current zoning (RM-3A) supports multifamily use, and the property is competitively priced below assessed value at $285,000 per unit.
Residents enjoy exceptional walkability and access to East Vancouver’s best amenities, including Commercial Drive, Pandora Park, and a host of Michelin-recognized restaurants and cafés. The East Hastings transit corridor ensures seamless connectivity to Downtown Vancouver, Burnaby, and North Vancouver—all within a 10- to 12-minute drive.
With a stabilized NOI of $398,076 and a 4% cap rate, this asset is well-positioned for investors seeking both immediate returns and long-term upside in one of Vancouver’s most dynamic rental markets.