Commercial Real Estate in Richmond available for sale
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More details for 8738 French St, Vancouver, BC - Multifamily for Sale

French Court Apartments - 8738 French St

Vancouver, BC V6P 4W7

  • Multifamily for Sale
  • $13,650,000 CAD
  • 30,000 SF
  • Kitchen

Vancouver Multifamily for Sale - City of Vancouver Non Core

Located in the heart of Vancouver’s desirable Marpole neighborhood, French Court Apartments presents a rare opportunity to acquire a well-maintained, 39-suite rental apartment building with significant upside potential. Constructed in 1986, this three-storey wood-frame property features a distinctive Colonial-style design with a large arched entrance leading to a private tiled courtyard, offering both charm and curb appeal. The building sits on a generous 20,976 SF parcel with 150 feet of frontage along French Street, just steps from the vibrant Granville Street commercial corridor. Tenants benefit from immediate access to grocery stores, restaurants, schools, parks, and frequent transit service connecting to Downtown Vancouver, YVR Airport, and Richmond. Marine Gateway and the Canada Line SkyTrain are only minutes away, enhancing connectivity across Metro Vancouver. French Court has undergone extensive capital improvements, including full window replacements, exterior façade upgrades, and renovations to over half the suites. Each unit is equipped with electric baseboard heating and individual hot water tanks, all recently replaced. Heat, hot water, and electricity are separately metered and tenant-paid, ensuring operational efficiency and reduced ownership costs. Current rents are approximately 40% below market, offering investors the opportunity to increase cash flow and yield through turnover and continued suite upgrades. With a historically stable occupancy rate and strong rental demand in Marpole, this asset is well-positioned for long-term growth. The area’s ongoing redevelopment, including the upcoming Marpole Community Centre and expanded public library, further enhances the investment appeal.

Contact:

CBRE, Limited

Property Subtype:

Apartment

Date on Market:

2025-09-15

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More details for 8888 Osler St, Vancouver, BC - Multifamily for Sale

8888 Osler - 8888 Osler St

Vancouver, BC V6P 6L6

  • Office/Retail for Sale
  • $775,000 - $3,142,950 CAD
  • 620 - 2,733 SF
  • 4 Units Available
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More details for 1133 W 70th Ave, Vancouver, BC - Multifamily for Sale

1133 W 70th Ave

Vancouver, BC V6P 2Y2

  • Multifamily for Sale
  • $9,900,000 CAD
  • 14,164 SF
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More details for 8851 Granville St, Vancouver, BC - Multifamily for Sale

8851 Granville St

Vancouver, BC V6P 5A4

  • Multifamily for Sale
  • $5,000,000 CAD
  • 38,476 SF
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