Multi-family for sale
1923 Parker Street, Grandview Woodland, Vancouver
$4,300,000
Features
Year Built
1958
Floor Area
6,212 sqft
Lot Size
6,100 sqft
Gross Property Tax
$9,971.81 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RT5
# of Parking Spaces
5
Subject Property Width
50 ft
Subject Property Depth
122 ft
Suite Mix Information
9 x 1 ½
Total no. of Units
9
Financial Summary
$22,727,892
Description
Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
MLS® Number C8069185