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8690 Montcalm St 12 Unit Apartment Building $6,500,000 CAD ($541,667 CAD/Unit) 5.20% Cap Rate Vancouver, BC V6P 4P8
Investment Highlights
- Natural light exposure
- Access to public transit
- Access to highway
- Heavy daytime foot traffic area
- Ample parking
- Retail amenities nearby
Executive Summary
5.2% cap rate! Boutique westside condo building with 12 strata-titled units. Newly renovated (kitchens, bathrooms, flooring, plumbing and more). Features large wrap around balconies, in-suite laundry, electric baseboard heat and heated bathroom floors. The building features secure underground parking and bike room, and the envelope has been fully rain-screened. Desired westside location only 3 blocks to Granville Street shops and transit. Offered fully vacant with a projected cap rate over 5%.
Property Facts
| Price | $6,500,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $541,667 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.20% | Building Size | 6,276 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Zoning | RM-3A | ||
| Price | $6,500,000 CAD |
| Price Per Unit | $541,667 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,276 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RM-3A |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (75)
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8690 Montcalm St
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