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NEW LISTING! 10 Unit Marpole Complex For Sale | Vancouver

Park Avon Apartments presents investors with an exceptional opportunity to purchase

an upgraded and well performing rental complex. 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 Bed-

rooms and 1 Three Bedroom unit, 5 of which have been recently renovated. Featuring 10

storage lockers, 5 parking stalls, income generating shared laundry, numerous capital up-

grades, and an entrance cap rate that is 44% higher than recent average Marpole sales,

the property establishes the next owner for success

  • Address: 8741 Cartier Street, Vancouver, BC

  • Mix of 9 one-bedroom units and 1 three bedroom unit that are larger than average.

  • Presents a possibility of adding additional bedrooms and maximizing rental potential.

  • Low regional CMHC vacancy rate of 1.1%

  • Lot Size 7,008 SF | 50’ x 140’

  • Construction 3 Storey Woodframe

  • Year Built 1958

  • Cap Rate 4.1%

  • Asking Price Contact Agents

Contact Chris Hayne, or Bill Jassal for more information

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