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Leamington Apartments 3040 Nanaimo St 17 Unit Apartment Building $6,180,000 CAD ($363,529 CAD/Unit) 2.44% Cap Rate Vancouver, BC V5N 5G3
Investment Highlights
- Prime Renfrew Heights location near Trout Lake and schools
- Recent upgrades including windows, plumbing, and hot water tanks
- Redevelopment potential under RM-3A zoning
- Transit-oriented site within walking distance to SkyTrain stations
- Strong suite mix with proven rental demand and income stability
Executive Summary
NAI Apartments is pleased to offer the opportunity to acquire a 17-unit apartment building in a highly coveted location close to schools, parks, and Trout Lake. The property has undergone several recent improvements, including new windows, a recently painted exterior and refreshed common areas, updated plumbing systems, and the installation of new hot water tanks. The price has been recently reduced. Please reach out to the listing agents for additional information.
Property Facts
| Price | $6,180,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $363,529 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 2.44% | Building Size | 15,060 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Zoning | RM-3A | ||
| Price | $6,180,000 CAD |
| Price Per Unit | $363,529 CAD |
| Sale Type | Investment |
| Cap Rate | 2.44% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 15,060 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | RM-3A |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Storage Space
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 12 | - | 740 - 750 |
| 2+1 | 3 | - | 1,000 |
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
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Leamington Apartments | 3040 Nanaimo St
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