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1133 W 70th Ave

26 Unit Apartment Building $9,900,000 CAD ($380,769 CAD/Unit) 3.50% Cap Rate Vancouver, BC V6P 2Y2

Executive Summary

This building is turnkey and exceptionally well run. Incredible Opportunity and potential for 6 storeys under the Marpole community plan. This 4-storey building offers secure 20 underground parking and comprises 26 unit apartment building are individually strata-titled units with elevator in the heart of Marpole area of Vancouver. The entire building is currently fully occupied, generating a substantial rental income. The building has been self-managed and well cared for over the course of ownership. This property is already stratified and any unit can be upgraded and sold for great profits individually. Subject site is located 2 blocks West of Oak street and easy access to Vancouver, Richmond and the Airport via Oak Street and Granville Street. 13 renovated units with the ability to increase current NOi with an update to the 13 remaining units. Separate Hot Water tanks. Separate laundry hookups in each unit.

Property Facts

Price $9,900,000 CAD
Price Per Unit $380,769 CAD
Sale Type Investment
Cap Rate 3.50%
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.22 AC
Building Size 14,164 SF
No. Stories 4
Year Built 1995
Parking Ratio 1.41/1,000 SF

Unit Amenities

  • Heating
  • Kitchen
  • Granite Countertops

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 26 - 455 - 601
Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RM-3A
RM-3A
  • Listing ID: 30026362

  • Date on Market: 2023-11-10

  • Last Updated:

  • Address: 1133 W 70th Ave, Vancouver, BC V6P 2Y2

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