V4L Apartment Buildings for Sale

V4L Apartment Building for Sale

More details for 1504 56th St, Delta, BC - Multifamily for Sale

Greensview - 1504 56th St

Delta, BC V4L 2A8

Multifamily for Sale
$6,760,000 CAD
27,723 SF

Controlled Access
Kitchen
Smoke Detector

Delta Multifamily for Sale - Richmond/Delta

Greensview Apartments is a well-maintained 24-suite, three-storey rental apartment building located in the heart of Tsawwassen, one of Delta's most established communities. Built in 1985 on a 22,200 SF lot, the building features a mix of one- and two-bedroom suites, tenant storage, and secured parking. Offered at a 3.75% cap rate and approximately $289,580 per door, the property provides strong in-place income with 2025 net income projected to rise 11.4% following 4.6% growth in 2024 ' a 16.5% increase over two years. With several suites currently below market, there is clear rental upside through tenant turnover. The property is designated Neighbourhood Centres & Corridors in Delta's 2024 OCP, allowing for consideration of future redevelopment up to 6 storeys

Contact:

London Pacific Property Agents Inc.

Property Subtype:

Apartment

Date on Market:

2025-10-07

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Apartment Buildings for Sale Within 5 kilometers of V4L

5525 14 Av

Delta, BC V4M 3X1

Multifamily for Sale
$11,500,000 CAD
35,000 SF

Delta Multifamily for Sale - Richmond/Delta

5525 14th Ave is ideally situated in the Beach Grove neighbourhood of Tsawwassen, Delta. This established residential area offers a tranquil atmosphere and a close-knit community. Residents enjoy easy access to beautiful beaches, such as Centennial Beach and Boundary Bay Regional Park. The location provides convenient amenities, including the Tsawwassen Mills Mall and Tsawwassen Commons offer a wide range of shopping options, including retail stores, dining establishments, and entertainment facilities. With well-developed transportation links, including highways and public transit, this area offers a desirable coastal lifestyle with access to neighbouring cities.