Multi Family

975 W 10TH Avenue
Fairview VW Vancouver V5Z 1L9

$7,650,000
Multi-Family Commercial

Main Photo: 975 W 10TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8028796
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8028796
Build. Type:
Low Rise (2-4 stories)
Opportunity to acquire a well-maintained 17-suite rental apartment building prominently located in the prestigious Fairview neighbourhood; situated directly across from Vancouver General Hospital, steps from the vibrant West Broadway Corridor, and just around the corner from the future Millennium Line Broadway Extension Station at Oak Street and West Broadway! The Subject Property is located with the Broadway Corridor Plan Study Area, creating potential redevelopment opportunities in the future. The Property has a number of common areas and storage units on the lower level which may potentially be converted into additional one and two bedroom suites, creating additional rental revenue in the future. Additionally, current rents are well-below market rents, providing significant long-term rental upside and value-add opportunity upon turnover and re-lease of suites at market rents. Competitively priced at $7,650,000 ($450,000/suite), close to $400,000 below the BC Assessment. Please do not disturb tenants.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Preserved Wood Foundation
Building Type:
Low Rise (2-4 stories)
Year built:
1912 (Age: 107)
Land Use/Zoning:
CD-1
Taxes:
$18,751 / 2018
Env Assmt Phase:
Phase/Stage 1
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Tot Gross Sales:
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  • Photo 1: 975 W 10TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8028796
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Listed by CBRE Limited
Data was last updated November 18, 2019 at 04:00 AM (UTC)
Bruce Long CCIM, FRI
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