COMM For Sale in Marpole, Vancouver West

  • Built 1995
26 Unit Stratified Apartment Building

Located in Marpole neighborhood in Vancouver West, a densifying part of town with the Marpole official community plan in place, this stratified 26 unit apartment building is consistently at full occupancy. Mostly in original condition, this building provides tremendous upside in its income potential. The growing neighborhood is attracting more local businesses and increasing demands for rental apartments. Situated on the approximately 9,400SF property, it boasts 4 levels of apartments with just over 14,100 SF of rentable space. Having re-development potential for a grander apartment building, it is truly a gem in the rough. An opportunity to acquire 100% of strata corp.

Along West 70th Avenue, this south-facing building is located between Selkirk and Osler Street. Within steps to transit and a block from Oak Street. Close proximity to all amenities. The convenience of this location is truly favored by apartment tenants. This block falls within the Marpole Community Plan for apartments with height up to 6 stories & density up to 2.5 FSR.

Property DetailsNumber of units26Net operating income (2017) Please callLot size9,390 (98.94’ x 94.91’)ZoningRM-3AYear Built1995
Suite MixBachelor
1 Bedroom
2 Bedroom

Total Legal Units
26 Units
List Price $10,880,000
Type of Dwelling COMM
Area Vancouver West
Sub-Area Marpole
Lot Size 9,390 Sq. Ft.
Year Built 1995
MLS® Number Exclusive
Listing Brokerage RE/MAX Real Estate services, Royal Pacific Realty Kingsway
Zoning RM-3A