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INVESTMENT HIGHLIGHTS
- Museum District
- Off street parking
- Mini split
- Walk to Scott's Addition
- Fully leased
EXECUTIVE SUMMARY
Nestled in the heart of Richmond’s prestigious Museum District, 3230 W Grace Street offers an exceptional living experience.
This charming property features six well-appointed 1-bedroom/1-bathroom apartments, each equipped with modern mini-split AC systems and the convenience of onsite laundry facilities. Strategically located at the corner of West Grace and Tilden, residents benefit from ample on-street parking as well as several dedicated off-street parking spaces. The property’s prime location ensures high accessibility to the vibrant Scott’s Addition, known for its plethora of restaurants and cafés, creating a lively and convenient lifestyle.
Cultural enthusiasts will appreciate the proximity to two world-class museums, while commuters will find the GRTC Pulse just a few blocks away, providing seamless connectivity throughout the city. With a strong history of high occupancy and low tenant turnover, this property represents a stable and lucrative investment opportunity. The demand for such desirable apartments significantly exceeds supply, promising continuous appreciation in value. As the neighborhood continues to flourish, investing in 3230 W Grace Street guarantees a resilient and rewarding asset.
This charming property features six well-appointed 1-bedroom/1-bathroom apartments, each equipped with modern mini-split AC systems and the convenience of onsite laundry facilities. Strategically located at the corner of West Grace and Tilden, residents benefit from ample on-street parking as well as several dedicated off-street parking spaces. The property’s prime location ensures high accessibility to the vibrant Scott’s Addition, known for its plethora of restaurants and cafés, creating a lively and convenient lifestyle.
Cultural enthusiasts will appreciate the proximity to two world-class museums, while commuters will find the GRTC Pulse just a few blocks away, providing seamless connectivity throughout the city. With a strong history of high occupancy and low tenant turnover, this property represents a stable and lucrative investment opportunity. The demand for such desirable apartments significantly exceeds supply, promising continuous appreciation in value. As the neighborhood continues to flourish, investing in 3230 W Grace Street guarantees a resilient and rewarding asset.
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PROPERTY FACTS
| Price | $1,500,614 CAD | Building Class | C |
| Price Per Unit | $250,102 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,300 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/1990 |
| Apartment Style | Low-Rise | ||
| Zoning | R-6 | ||
| Price | $1,500,614 CAD |
| Price Per Unit | $250,102 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1990 |
| Zoning | R-6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | W000-1480-035 | Improvements Assessment | $811,866 CAD |
| Land Assessment | $331,230 CAD | Total Assessment | $1,143,096 CAD |
PROPERTY TAXES
Parcel Number
W000-1480-035
Land Assessment
$331,230 CAD
Improvements Assessment
$811,866 CAD
Total Assessment
$1,143,096 CAD
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3230 W Grace St
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