French Court Apartments 8738 French St 39 Unit Apartment Building $12,380,000 CAD ($317,436 CAD/Unit) 4.25% Cap Rate Vancouver, BC V6P 4W7

French Court Apartments presents the opportunity to acquire a 39-suite rental apartment property located in Vancouver’s Marpole neighbourhood. The three-storey building is positioned on French Street near the Granville Street commercial corridor, placing residents within walking distance of grocery stores, restaurants, retail services, schools, parks, and public transportation. The property also benefits from convenient access to SW Marine Drive, Granville Street, Oak Street, Highway 99, Marine Gateway, Downtown Vancouver, Richmond, and Vancouver International Airport, supporting long-term tenant demand and regional connectivity.
Constructed in 1986, the property features a distinctive colonial-inspired architectural design with a prominent arched entrance, private courtyard, secure underground parking, elevator service, and common laundry facilities. Ownership has completed a range of capital improvements, including full window replacement, replacement of individual hot water tanks, exterior façade enhancements, and renovations to more than half of the suites. Renovated units include upgrades such as vinyl plank flooring, quartz countertops, updated cabinetry, lighting improvements, and in select cases in-suite laundry additions.
Operationally, the asset benefits from individually metered electricity, electric baseboard heating, and individual hot water tanks, with utility costs paid directly by tenants. The property has historically maintained full occupancy and offers investors the opportunity to continue implementing suite modernization programs as units turn over. Its location within an established residential neighbourhood undergoing continued investment and redevelopment activity further supports the property's long-term positioning within Vancouver’s multifamily market.