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8851 Granville St 12 Unit Apartment Building $5,000,000 CAD ($416,667 CAD/Unit) 4.23% Cap Rate Vancouver, BC V6P 5A4
Investment Highlights
- Positioned in a growing neighborhood with strong rental demand and connectivity
- Located within the Marpole Community Plan, offering redevelopment potential
- Secure underground parking adds value and convenience for residents
Executive Summary
Incredible Opportunity! This 3.5-storey building, offers secure underground parking and comprises 12 individually strata-titled units. The entire building is currently fully occupied, generating a substantial rental income of almost 250k/yr. This presents an excellent opportunity for ongoing income generation or the potential to sell individual units in the future. This 12-unit building is strategically located on a spacious 66' x 99.5' lot, perfectly situated within the Marpole Community Plan. Comprising 2 studio apartment, 3 one bedroom units, 5 two bedroom units and 2 three bedroom units. Don't miss out - call today to schedule a tour and receive our comprehensive information package.
Property Facts
| Price | $5,000,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $416,667 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.23% | Building Size | 38,476 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | ||
| Zoning | RM-3A - medium density residential development | ||
| Price | $5,000,000 CAD |
| Price Per Unit | $416,667 CAD |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 38,476 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Zoning | RM-3A - medium density residential development |
Amenities
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
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8851 Granville St
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