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225 W 10th Ave 12 Unit Apartment Building $5,250,000 CAD ($437,500 CAD/Unit) 1.19% Cap Rate Vancouver, BC V5Y 1R9
INVESTMENT HIGHLIGHTS
- Located ~300 metres from the Broadway-City Hall SkyTrain Station
- High exposure location
- Retail amenities nearby
EXECUTIVE SUMMARY
We are pleased to announce the opportunity to purchase this 10 suite apartment building with potential to develop up to 20 storeys and 42,471 Square Feet of multi-family space.
This building generates strong holding income with high density development potential and has significant income upside upon tenant turnover.
Only 300 metres from the Broadway-City Hall SkyTrain Station, this location provides easy access to the Canada Line and the future Broadway Line. The Broadway Subway Project is a 5.7 km extension of the Millennium Line, from VCC-Clark Station to Broadway and Arbutus. It will provide fast, frequent and convenient SkyTrain service to B.C.’s second largest jobs centre, world-class health services, and emerging innovation and research hub, and growing residential communities.
This building generates strong holding income with high density development potential and has significant income upside upon tenant turnover.
Only 300 metres from the Broadway-City Hall SkyTrain Station, this location provides easy access to the Canada Line and the future Broadway Line. The Broadway Subway Project is a 5.7 km extension of the Millennium Line, from VCC-Clark Station to Broadway and Arbutus. It will provide fast, frequent and convenient SkyTrain service to B.C.’s second largest jobs centre, world-class health services, and emerging innovation and research hub, and growing residential communities.
PROPERTY FACTS Under Contract
| Price | $5,250,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $437,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 1.19% | Building Size | 8,820 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | ||
| Zoning | R5-3 - Residential | ||
| Price | $5,250,000 CAD |
| Price Per Unit | $437,500 CAD |
| Sale Type | Investment |
| Cap Rate | 1.19% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,820 SF |
| No. Stories | 3 |
| Year Built | 1953 |
| Zoning | R5-3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (86)
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225 W 10th Ave
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