14,361 ft²Multifamily$6,280,000Sale
14,361 ft²
Multifamily
$6,280,000
Sale
Rick Lui*
NAI Commercial BC
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Two Rental Apartment Buildings | 19 Suites Total Opportunity to acquire two professionally managed rental buildings situated side by side on 3 legal lots totalling 19 units with a total lot size of 14,400 SF at the Marpole area Vancouver Westside. Future income upside potential and redevelopment opportunity. - 19 units in two separate buildings (12 one-bedroom & 7 two-bedroom suites) - Three legal parcels in one single block totalling over 14,000 SF - Very low CMHC insured first mortgage at 1.58% maturing in July 2025 - Possible Share sale - Almost all units have balconies - Possible future redevelopment opportunity - Price almost $400,000 below BC Assessment
The Space
Asking Price$6,280,000
Available Space14,361 ft²
Property UseInvestment property / Multi family
Taxes$21,251/yr
ZoningRM-3
Parking Spaces12
SourceDirect
Balcony
Corner Lot
Parking
The Building
Full corner lot with Selkirk St to the west, Laneway to the east, West 71st Ave to the south and another Laneway to the north. The subject property is comprised of 3 legal lots with improvements including two rental apartment buildings. The buildings are professionally by a property management company with regular normal upgrades.
Property TypeMultifamily
Lot Size14,361 ft²
Up to $500K for British Columbia businesses
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