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17,230 ft²
Multifamily
$9,100,000
Sale


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27 Suite 4 Story Apartment Building on 3 Lots. Located just North of West 72nd Avenue on Selkirk Street, 2 blocks West of Oak Street within the Lower Hudson area of the Marpole community surrounded by other multifamily dwellings. Located minutes from retail amenities on Granville Street, walking distance to Canada Line Marine Gateway transit & 8 minutes from YVR via Arthur Laing Bridge ;


The Space
Asking Price$9,100,000
Available Space17,230 ft²
Suite NumberALTA VISTA MANOR
Floor4
Net Operating Income$239127
Property UseInvestment property
SourceDirect

The Building - Alta Vista Manor

Building Suites : Bachelor 6 One Bedroom 17 Two Bedroom 3 Two Bedroom Penthouse 1 Total Suites 27 Building Age : 1963 Approximately ; Lot Area : 3 Lots totaling 99.00’ feet x 169.07’ feet –16,731 square feet ; Zoning & Legal : RM-3A Multiple Family Dwelling. Legal: Lots 4,5,6, Block C, Plan VAP1903, District Lot 318, NWD PID 013-202-961 / 013-203-037 / 013-202-901 ; Parking : 12 covered + 7 open = 19 stalls ; Assessments : $8,765,000.00 (Land) + $416,000.00 (Bldg)= $9,181,000.00 (2020) ; Note: 2019 was $9,200,000.00 Gross Income : $356,966.00 Per Annum – Effective December 2020; Gross Expenses : $117,839.00 / 33% Expense Ratio 2020 – Annualized ; Net Income : $239,127.00 with Property Management ; Property Taxes : $26,568.80 (2020) ; Upgrades : Re-Piping 2018, Interior Painting & Light Fixtures 2018, Hot Water Tank 2013, Roof good condition ; List Price : $9,100,000.00 / $337,000.00 Price Per Unit All Offers To Purchase are to be subject to inspection of Building and Suites.

Property TypeMultifamily
Floors4
Building Size17,230 ft²
Lot Size16,731 ft²