7,008 ft²MultifamilyContactSale
7,008 ft²
Multifamily
Sale
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Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex. Located in the heart of the Marpole region, just steps from Granville Street, this building has significant upside on tenant turnover, and is poised for future redevelopment as the neighbourhood grows.
The Space
Available Space7,008 ft²
NegotiableYes
Property UseMulti family
Taxes$9,585/yr
ZoningRM-3A Multiple Dwelling
Cap Rate4.1%
Year Built1958
Parking Spaces5
SourceDirect
The Building - Park Avon Apartments
Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit, 5 of which have been recently renovated. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, the property establishes the next owner for success
Property TypeMultifamily
Floors3
Lot Size7,008 ft²
Taxes$9,585/yr
Frontage50'0"
Up to $500K for British Columbia businesses
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