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1441 W 70TH Avenue
Marpole Vancouver V6P 2Z3

$7,800,000
Land Commercial, Multi-Family Commercial

Main Photo: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 1: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 2: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 3: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 4: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 5: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 6: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 7: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 8: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 9: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 10: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 11: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 12: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 13: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 14: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 15: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 16: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 17: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 18: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 19: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 20: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 21: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 22: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 23: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 24: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Photo 25: 1441 W 70TH Avenue in Vancouver: Marpole Land Commercial for sale in "BROADWAY COURT" (Vancouver West)  : MLS®# C8047522
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8047522
Build. Type:
Low Rise (2-4 stories)
Fabulous 22 unit well maintained apartment building in Marpole with excellent redevelopment potential. On transit and l 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
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
BROADWAY COURT
# Units:
22
# of Bachelor Appartments:
6
# of 1 Bedroom Appartments:
13
# of 2 Bedroom Appartments:
3
Year built:
1969 (Age: 53)
Total Floor Area:
15,000 sq. ft.
Lot Area:
12,118 sq. ft.
Lot Depth:
114.78
Lot Frontage:
105'7"
Land Use/Zoning:
RM-3A
Permitted Use:
Multifamily (5+)
Taxes:
$18,592.6 / 2021
Balconies, Laundry Facility, Secured Building, Secured Parking
# Elevators:
0
Water Supply:
Municipal
HVAC:
Common Water Heater
Roof:
Tar & Gravel, Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Cap Rate %:
2.2
Effective Gross Income:
$287,000
Gross Income:
$287,000
Oper. Expenses:
$113,150
Net Operating Income:
$173,850
Original Price:
$7,800,000
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Listed by Maude, MacKay & Company Limited
Data was last updated November 27, 2022 at 04:40 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.