1133 W 70th Ave
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1133 W 70th Ave
26 Unit Block of Flats £5,464,846 (£210,186/Unit) 3.50% Net Initial Yield Vancouver, BC V6P 2Y2
Executive Summary
This building is turnkey and exceptionally well run. Incredible Opportunity and potential for 6 storeys under the Marpole community plan. This 4-storey building offers secure 20 underground parking and comprises 26 unit apartment building are individually strata-titled units with elevator in the heart of Marpole area of Vancouver. The entire building is currently fully occupied, generating a substantial rental income. The building has been self-managed and well cared for over the course of ownership. This property is already stratified and any unit can be upgraded and sold for great profits individually. Subject site is located 2 blocks West of Oak street and easy access to Vancouver, Richmond and the Airport via Oak Street and Granville Street. 13 renovated units with the ability to increase current NOi with an update to the 13 remaining units. Separate Hot Water tanks. Separate laundry hookups in each unit.
Property Facts
| Price | £5,464,846 | Apartment Style | Mid Rise |
| Price Per Unit | £210,186 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Net Initial Yield | 3.50% | Building Size | 14,164 SF |
| No. Units | 26 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 1995 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Price | £5,464,846 |
| Price Per Unit | £210,186 |
| Sale Type | Investment |
| Net Initial Yield | 3.50% |
| No. Units | 26 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,164 SF |
| Number of Floors | 4 |
| Year Built | 1995 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 455 - 601 |
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Walk Score ®
Walker's Paradise (92)
zoning
| Zoning Code | RM-3A |
| RM-3A |
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1133 W 70th Ave
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