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FIRM DEAL | 12 Unit Apartment Building | Vancouver

FIRM DEAL | 12 Unit Apartment Building | Vancouver

The CRE Investment & Development Team | Royal LePage Commercial is pleased to announce that the Parkview Apartments now has an accepted firm offer in place.

After over three years of the property being publicly marketed by other commercial representatives, the property was repositioned and offered exclusively by our team. While the current market has created challenges, the property was under contract and firm in only 8 weeks. 

  • Address 342 North Garden Drive, Vancouver, BC

  • Large upside on tenant turnover.

  • Mix of 11 one-bedroom units, along with 1 two-bedroom unit.

  • Low regional CMHC vacancy rate of 0.4%

  • Lot Size 8,195 SF | 67’ x 122’

  • Construction 3 Storey Wood frame

  • Year Built 1967

  • Asking Price $3,960,000

For additional information on the current market, new opportunites or if you would like an evaluation, please contact Chris Hayne, Pouria Nikravan PREC or r Raman Bayanzadeh PREC, CCIM at your earliest convenience.

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