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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:53893)

Property Details

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

Building

Amenities Street Lighting
Constructed Date 1958
Fire Protection Alarm System
Size Interior 11238 Sqft

Land

Acreage No
Size Irregular 7008
Size Total 7008 Sqft
Size Total Text 7008 Sqft
Zoning Description Rm-3a

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

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

Interested?

Contact us for more information


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Chris Hayne

(778) 998-4663
www.multifamilybc.com

Oakwyn Realty Ltd.
3195 Oak Street
Vancouver, British Columbia V6H 2L2

(604) 620-6788
(604) 620-7970
www.oakwyn.com/

Bill Jassal
PREC*, CRE Investment & Development Team

(778) 895-2726

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

(604) 925-2911
(604) 925-3002
www.royallepagesussex.com

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