Multifamily in Fairview available for sale
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Apartment Buildings for Sale in Fairview

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Fairview Apartment Building for Sale

More details for 1696 11th Ave W, Vancouver, BC - Multifamily for Sale

1696 11th Ave W

Vancouver, BC V6J 2B9

  • Multifamily for Sale
  • $5,800,000 CAD
  • 9,473 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Vancouver Multifamily for Sale - Broadway Corridor

Historic one-of-a-kind multifamily property in the heart of Vancouver’s coveted South Granville neighbourhood. The McEvay Blair Multifamily Group of Marcus & Millichap is proud to present a rare and unique opportunity to own a piece of Vancouver’s history in the Penrhyn Lodge (the “Property”). Having been built early in the 20th century, the Property exudes timeless character and charm, showcased by vintage stained glass windows, coffered ceilings, and original hardwood fir floors. The building has, however, undergone many updates over the years, and in its current form features 20 rental units ranging from micro units that share a communal washroom, to self-contained bachelor suites, one bedroom lofts, and a grand two bedroom unit. There are also two coach houses off the laneway. Nestled in the heart of Vancouver’s coveted South Granville neighbourhood the Property is surrounded by world class dining and shopping. The future South Granville Broadway Subway Station will be a short 9 minute walk for tenants commuting to UBC and downtown. Penrhyn Lodge offers investors secure and stable cash-flow with continued rent growth underpinned by future redevelopment potential under the Broadway Plan.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-01-15
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LoopNet Canada British Columbia Vancouver Apartment Buildings For Sale in Fairview, Vancouver, Canada

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Apartment Buildings for Sale in Fairview

View All Available Listings
How many apartment buildings are available for sale in Fairview?
There are currently 5 apartment buildings available for sale in Fairview, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Fairview?
The average size of apartment buildings available for sale in Vancouver is about 7,171 SF. The largest apartment buildings available to buy is 15,063 SF and the smallest is 1,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in Fairview?
The average market cap rate for apartment buildings for sale is about 3.74% based on data provided in Fairview. Learn more about how cap rates are calculated.
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