Multi Family

2240 TRIUMPH Street
Hastings Vancouver V5L 1L3

$8,988,888
Multi-Family Commercial

Main Photo: 2240 TRIUMPH Street in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8029678
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8029678
Build. Type:
Low Rise (2-4 stories)
We are pleased to present the opportunity to acquire an exceptional 24 suite stratified apartment building in Vancouver’s trendy East Village. The building has been maintained and upgraded in a first-class manner with extensive capital invested over the past several years into the building. The property is located on Triumph Street, three blocks north of Hastings, providing a convenient lifestyle as it is walking distance to breweries, coffee shops, and restaurants. Vancouver’s rental market continues to perform extremely well with the 2018 CMHC report indicating continued low vacancy rates of 1.00% and significant rental rate increases of 6.20% year over year. The property provides an excellent opportunity to establish a presence in East Vancouver’s thriving rental market.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
24
Year built:
1981 (Age: 39)
Total Floor Area:
15,807 sq. ft.
Land Use/Zoning:
RM-3A
Taxes:
$16,323.28 / 2019
# Elevators:
1
Env Assmt Phase:
None
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Effective Gross Income:
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  • Photo 1: 2240 TRIUMPH Street in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8029678
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Listed by CBRE Limited
Data was last updated February 25, 2020 at 12:05 AM (UTC)
Bruce Long CCIM, FRI
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