Learn more about this property online at:
https://www.collierscanada.com/p-can2008816
https://www.collierscanada.com/p-can2008816
- Sold
Renovate or Redevelop – 22-unit apartment building with redevelopment potential on a 13,786 SF corner lot in Marpole.
Dan Chatfield, Steve Fame & Sunil Suvarna are pleased to present the rare opportunity to acquire a three-storey, 22-unit apartment building (the “Property”) with defined near-term development potential in the rapidly transforming neighbourhood of Marpole on Vancouver’s West Side.
The Property has undergone substantial capital upgrades over the last several years, ensuring cash flow protection while presenting an opportunity to significantly increase the annual rental income following tenant turnover.
The Property is also designated for additional density under the Marpole Official Community Plan, which allows nearly 34,500 SF of gross buildable area in the form of a six-storey, 100% purpose-built rental building.
Dan Chatfield, Steve Fame & Sunil Suvarna are pleased to present the rare opportunity to acquire a three-storey, 22-unit apartment building (the “Property”) with defined near-term development potential in the rapidly transforming neighbourhood of Marpole on Vancouver’s West Side.
The Property has undergone substantial capital upgrades over the last several years, ensuring cash flow protection while presenting an opportunity to significantly increase the annual rental income following tenant turnover.
The Property is also designated for additional density under the Marpole Official Community Plan, which allows nearly 34,500 SF of gross buildable area in the form of a six-storey, 100% purpose-built rental building.
