The Largest Number of Homes for Sale
Multi-family for sale
8741 Cartier Street, Marpole, Vancouver
$3,945,000
$3,945,000
Multi-family for sale
8741 Cartier Street, Marpole, Vancouver
Features
Year Built
1958
Floor Area
11,238 sqft
Lot Size
7,008 sqft
Gross Property Tax
$9,168.14 /year
Building Type
Mul Tenant/MultiPlex (5+)
Building / Complex Name
Park Avon Apartments
Zoning
RM-3A
# of Parking Spaces
5
Subject Property Width
50 ft
Subject Property Depth
140 ft
Amenities
Alarm System, Laundry Facility, Washrooms Female/Male
Suite Mix Information
9 x 1 ½, 1 x 3 ½, 10 x Other
Total no. of Units
10
Description
Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. 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. Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit. 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, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area.
MLS® Number C8070283