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8741 Cartier Street Vancouver, British Columbia V6P 4V3

11238 sqft

$3,945,000

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. (id:58426)

Property Details

MLS® Number C8070283
Property Type Multi-family
Neigbourhood Shaughnessy
Features Lane
RoadType Paved Road

Building

Amenities Street Lighting
ConstructedDate 1958
FireProtection Alarm System
SizeInterior 11238 Sqft

Land

Acreage No
SizeIrregular 7008
SizeTotal 7008 Sqft
SizeTotalText 7008 Sqft
ZoningDescription Rm-3a

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/28515901/8741-cartier-street-vancouver

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Chris Hayne
CRE Investment & Development Team


Royal LePage Sussex
2397 Marine Drive
West Vancouver, British Columbia V7V 1K9

Bill Jassal
Personal Real Estate Corporation, CRE Investment & Development Team


Royal LePage Sussex
2397 Marine Drive
West Vancouver, British Columbia V7V 1K9