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  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC
  • 8741 Cartier Street, Vancouver, BC

7,008 ft²
Multifamily
$4,800,000
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
Asking Price$4,800,000
Available Space7,008 ft²
NegotiableYes
Net Operating Income$206974
Property UseMulti family
Taxes$9,585/yr
ZoningRM-3A Multiple Dwelling
Cap Rate4.2%
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"
Inquire
Chris Hayne
Chris Hayne
Royal LePage Sussex
Contact
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