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- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8050052
- Build. Type:
- Low Rise (2-4 stories)
- Photos (25)
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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
- Total space avail for lease:
- 24,000 sq. ft.
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
- # Units:
- 22
- # of Appartments:
- 0
- # of Bachelor Appartments:
- 6
- # of 1 Bedroom Appartments:
- 13
- # of 2 Bedroom Appartments:
- 3
- Year built:
- 1989 (Age: 34)
- Lot Area:
- 12,118 sq. ft.
- Lot Depth:
- 114.78
- Lot Frontage:
- 105'7"
- Land Use/Zoning:
- RM-3A
- Permitted Use:
- Multifamily (5+)
- Taxes:
- $17,470.9 / 2022
- 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
- Cap Rate %:
- 2.2
- Effective Gross Income:
- $28,700,000
- Gross Income:
- $28,700,000
- Oper. Expenses:
- $11,315,000
- Condo Fee:
- $0
- Original Price:
- $7,000,000
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Listed by Maude, MacKay & Company Limited
Data was last updated April 1, 2023 at 06:10 AM (UTC)
- ROD MACKAY
- MAUDE, MACKAY & CO. LTD.
- 604. 649. 2424
- rodmac@maudemackay.com
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