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2184 Wall St 21 Unit Apartment Building $6,295,000 CAD ($299,762 CAD/Unit) 4.11% Cap Rate Vancouver, BC V5L 1B5
Investment Highlights
- Minutes to Commercial Drive and Hastings Street retail
- Steps from Portside Greenway and Wall Street shoreline
Executive Summary
Macdonald Commercial is pleased to present the opportunity to acquire 2184 Wall Street — a 12,000 SF site in Vancouver’s Grandview-Woodland neighbourhood improved with a 21-unit apartment building. This well-maintained 4-storey walk-up, constructed circa 1965, comprises 19 one-bedroom units and 2 two-bedroom units. The property offers stable in-place income with the potential to unlock further value through strategic renovations that enhance both revenue and long-term asset performance. Additionally, the site is eligible for redevelopment under the Grandview Woodland Community Plan, permitting up to 6 storeys and a 2.4 FSR for secured rental housing.
Property Facts
| Price | $6,295,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $299,762 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.11% | Building Size | 15,363 SF |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | RM-3 - Residential Multiple Dwelling | ||
| Price | $6,295,000 CAD |
| Price Per Unit | $299,762 CAD |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,363 SF |
| No. Stories | 4 |
| Year Built | 1965 |
| Zoning | RM-3 - Residential Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
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2184 Wall St
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