SOLD | 12 Unit Apartment Building | Vancouver
The CRE Investment & Development Team | Royal LePage Commercial is pleased to announce the sale of Parkview Apartments. Listed exclusively; this 12 unit, 3-storey apartment complex was under contract in just under 8 weeks.
Congratulations to both the Vendor and Purchaser on a successful transaction.
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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