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8687 Selkirk St 11 Unit Apartment Building $5,699,000 CAD ($518,091 CAD/Unit) Vancouver, BC V6P 4J2
Investment Highlights
- Generates monthly rental income of $20,084 from ten leased units.
- 6,500 sq ft RM-3 zoned lot allows for potential future redevelopment.
- Strategic location with convenient access to amenities and local transit options.
- Consistent upgrades across all units ensure uniform quality and tenant retention.
- Recent professional inspection ensures verifiable asset condition.
- Established property in a stable Vancouver submarket with demonstrated rental demand.
Executive Summary
8687 Selkirk Street presents an investment opportunity in Vancouver’s sought-after Marpole neighborhood. This multi-family property sits on a 6,500 sq ft lot and offers a stable income stream with ten fully leased residential units and one additional unit set aside for personal use. The asset currently generates $20,084 in monthly rental income, paired with documented operating expenses of $49,839 annually, covering taxes, insurance, and water.
Each unit has been updated to a consistent standard, minimizing immediate renovation costs for potential buyers. A comprehensive 87-page inspection report from January 2019 is also available under accepted offer terms, providing transparency and peace of mind. Constructed in 1958 and zoned RM-3, the property is well-positioned for long-term value retention or future redevelopment opportunities in a dynamic rental market.
Located in a high-demand residential area near major transit routes, retail, and essential amenities, this property provides reliable cash flow while delivering potential upside through Vancouver’s steady population growth and housing demand.
Each unit has been updated to a consistent standard, minimizing immediate renovation costs for potential buyers. A comprehensive 87-page inspection report from January 2019 is also available under accepted offer terms, providing transparency and peace of mind. Constructed in 1958 and zoned RM-3, the property is well-positioned for long-term value retention or future redevelopment opportunities in a dynamic rental market.
Located in a high-demand residential area near major transit routes, retail, and essential amenities, this property provides reliable cash flow while delivering potential upside through Vancouver’s steady population growth and housing demand.
Property Facts
| Price | $5,699,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $518,091 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 11 | Building Size | 6,500 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Zoning | RM-3A | ||
| Price | $5,699,000 CAD |
| Price Per Unit | $518,091 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,500 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | RM-3A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+2 | 1 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
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8687 Selkirk St
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