604. 736. 0181   |   reception@maudemackay.com

1441 W 70TH Avenue
Marpole Vancouver V6P 2Z3

$8,400,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8038842
Build. Type:
Low Rise (2-4 stories)
Fabulous 22 unit well maintained apartment building in Marpole with excellent redevelopment potential. On transit and 1 1/2 blocks from Safeway, banks, shops, restaurants and transit to downtown. This 114.78' x 105.58' corner site is RM-3A zoned allowing for a 2.5 FSR and is part of the Marpole Community Plan designating it as a 6-storey rental redevelopment site which will afford beautiful southwest views to the airport and gulf islands. Great holding/investment/development property!
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
22
Year built:
1969 (Age: 52)
Land Use/Zoning:
RM-3A
Taxes:
$19,848.9 / 2020
# Elevators:
0
HVAC:
None
Env Assmt Phase:
None
Cap Rate %:
1.94
Effective Gross Income:
$284,000
Gross Income:
$284,000
Oper. Expenses:
$121,000
Net Operating Income:
$163,000
Original Price:
$8,400,000
Listed by Maude, MacKay & Company Limited
Data was last updated August 3, 2021 at 04:00 AM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.