Multi Family

725 W 70TH Avenue
Marpole Vancouver V6P 2X2

$42,500,000
Multi-Family Commercial

Main Photo: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 1: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 2: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 3: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 4: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 5: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 6: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Photo 7: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8024612
Build. Type:
High Tech
Avison Young is pleased to present an opportunity to purchase Centennial House; a 93-unit, 12-storey concrete high-rise rental apartment building on 36,157 sf of land with 297 feet of frontage. The building features a very attractive suite mix of 46 one-bedrooms and 47 two-bedroom suites. The property is located within 400 metres of the Marine Gateway Canada Line Station and features panoramic views of Richmond and YVR. There is a significant opportunity to increase the rental revenue through a renovation program. There is also a large piece of excess land on the western portion of the site that can be utilized for an infill development to maximize the density on the property. This offering is priced well below the 2019 Assessed Value. Please contact for additional information and financials.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Concrete
Building Type:
High Tech
# Units:
93
Year built:
1971 (Age: 48)
Land Use/Zoning:
RM-3A
Taxes:
$96,206 / 2018
# Elevators:
2
HVAC:
Electric, Hot Water
Env Assmt Phase:
Phase/Stage 1
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Effective Gross Income:
Gross Income:
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Tot Gross Sales:
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Previous Price:
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  • Photo 1: 725 W 70TH Avenue in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8024612
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Listed by Avison Young Comm. R.E. Inc.
Data was last updated April 22, 2019 at 01:10 PM (UTC)
Bruce Long CCIM, FRI
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.