Multi Family

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1455 W 71ST Avenue
Marpole Vancouver V6P 3B6

$7,680,000
Multi-Family Commercial

Main Photo: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 1: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 2: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 3: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 4: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 5: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 6: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 7: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 8: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 9: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Photo 10: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8056017
The Aspen presents investors the opportunity to purchase a well-positioned multifamily asset in Vancouver’s Marpole neighbourhood with the opportunity to continue adding value on tenant turnover. The building has been self-managed and well cared for over the course of ownership. Recent upgrades include new decks, balcony railings, upgraded electrical panels, and hot water tank. Many of the suites have been recently renovated on turnover, complete with modern kitchens, bathrooms, and flooring. These suites are currently achieving above market rents, paving the way for a future owner to continue the program on tenant turnover and further bolster gross revenues. on a large 13,000 sf lot, boasting an excellent walk score of 89, showcasing the property’s terrific proximity to shops, transit, restaurants, and amenities along Granville Street.
Sale Type:
Asset
Total space avail for lease:
0 sq. ft.
Construction:
Wood Frame
Name of Complex/Subdivision:
# Bldgs:
1
# Other Units:
# of Appartments:
21
# of 1 Bedroom Appartments:
16
# of 2 Bedroom Appartments:
5
# Storeys:
4.0
Year built:
1965 (Age: 59)
Total Floor Area:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
13,000 sq. ft.
Lot Depth:
130
Lot Frontage:
100'
Land Use/Zoning:
RM-3A
Permitted Use:
Multifamily (5+)
Taxes:
$21,945.6 / 2023
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 2: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 3: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 4: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 5: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 6: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 7: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 8: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 9: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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  • Photo 10: 1455 W 71ST Avenue in Vancouver: Marpole Multi-Family Commercial for sale in "The Aspen" (Vancouver West)  : MLS®# C8056017
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Listed by Marcus & Millichap
Data was last updated March 1, 2024 at 02:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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