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958 E Broadway 15 Unit Apartment Building $4,200,000 CAD ($280,000 CAD/Unit) 2.74% Cap Rate Vancouver, BC V5T 3Y1
INVESTMENT HIGHLIGHTS
- 15-unit multifamily investment opportunity with value-add and redevelopment potential. Significant upside on current rents.
- Designated for secured market rental development with density up to 6.5 FSR and height of 20 storeys.
- High demand from post-secondary students given nearby Emily Carr University, Centre for Digital Media, and Vancouver Community College Campuses.
- Phenomenal transit-oriented location, within 10 minute walking distance to Great Northern Way - Emily Carr Station.
EXECUTIVE SUMMARY
Colliers is excited to present this multifamily investment opportunity with value-add and redevelopment potential in the heart of Mount Pleasant's Creative District. This property comprises 15 units on a 8,012 SF site on East Broadway. Located between St. Catharine and Windsor Streets, the property is steps away from the area's best breweries, restaurants, and retail amenities.
PROPERTY FACTS
| Price | $4,200,000 CAD | Building Class | C |
| Price Per Unit | $280,000 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 12,795 SF |
| Cap Rate | 2.74% | No. Stories | 3 |
| No. Units | 15 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 0.78/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3-3 - Residential | ||
| Price | $4,200,000 CAD |
| Price Per Unit | $280,000 CAD |
| Sale Type | Investment |
| Cap Rate | 2.74% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 12,795 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | R3-3 - Residential |
AMENITIES
SITE AMENITIES
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (87)
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958 E Broadway
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