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THE MONTCALM APARTMENTS - 8668 Montcalm Street, Vancouver, BC

10,000 ft²
Multifamily
$3,798,000
Sale


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RARE OPPOTUNITY TO ACQUIRE A 10 SUITE APARTMENT BLOCK LOCATED WITHIN MARPOLE AREA OF SOUTH VANCOUVER. Located just South of W.70th Avenue, and within minutes from retail amenities on Granville Street.


The Space
Asking Price$3,798,000
Available Space10,000 ft²
Suite NumberTHE MONTCALM APARTMENTS
Floor3
Net Operating Income$73,006.00
Property UseInvestment property
SourceDirect

The Lot - THE MONTCALM

Building Suites : One Bedroom 9 Three Bedroom 1 Total Suites 10 Building Age : 1957 Approximately ; Lot Area : 50.00’ feet x 140’ feet – 7,000 square feet ; Zoning & Legal : RM-3A Multiple Family Dwelling. Legal: Lot 8, Block 16, District Lot 318, VAP 1749 PID 014-343-100 ; Parking : 5 open ; Assessments : $2,898,000.00 (Land) + $18,400.00 (Bldg)= $3,252,000.00 (2021) ; Gross Income : $131,781.00 Per Annum – Effective April 2021; Gross Expenses : $59,532.00 / 37% Expense Ratio 2021 – Annualized ; Net Income : $73,249.00 with Property Management and $81,249.00 with Self Management ; Property Taxes : $9,800.00 (2020) ; Upgrades : New High Energy Boiler in 2016, Exterior Painting in 2016, Re-Piping Domestic Water System in 2015, Interior Painting & Light Fixtures in 2018, Hot Water Tank in 2013, Roof SBS torch on in 2002; List Price : $3,798,000.00 / $379,800.00 Price Per Unit All Offers To Purchase are to be subject to inspection of Building and Suites.

Property TypeLand / Multifamily
Floors3
Building Size10,000 ft²
Lot Size7,000 ft²