1125-1157 71st Av W | Vancouver, BC V6P 3C5
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1125-1157 71st Av W
Vancouver, BC V6P 3C5
Multifamily Property For Sale · 19 Units
Executive Summary
PRICE REDUCED | 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 ( Bare Trust )
- Almost all units have balconies
- Possible future redevelopment opportunity
- Priced $500,000 below BC Assessment
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 ( Bare Trust )
- Almost all units have balconies
- Possible future redevelopment opportunity
- Priced $500,000 below BC Assessment
PROPERTY FACTS Under Contract
| Price Per Unit | $320,000 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.33 AC |
| No. Units | 19 | Building Size | 14,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1963 |
| Price Per Unit | $320,000 CAD |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
Unit Amenities
- Balcony
zoning
| Zoning Code | RM-3 |
| RM-3 |
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