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.
|Site Dimensions||122 FT x 113 FT|
|Improvements||Three-storey, 22-unit apartment building with underground parking|
|OCP||Apartment (up to 6 Storeys - 2.50 FSR)|