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Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver
Opportunity to Acquire an 18-Suite Apartment Building in East Vancouver

À vendre

$6,500,000 CAD

Originally constructed in 1972, the subject property is improved with a two-storey building of wood frame construction finished with painted aluminum siding and a net rentable area of approximately 12,450 SF.

The building features a preferred suite-mix consisting of 7 one-bedrooms and 11 two-bedrooms for a total of 18 suites. The suites offer expansive layouts and access to large, private balconies. Most suites have been refinished with new laminate flooring, countertops, cabinets and appliances and all electrical panels have been upgraded to breakers.

Tenants have access to a secured, underground parking structure featuring 20 stalls, a dedicated storage room equipped with 20 storage lockers as well as a common laundry room with two washers and two dryers.

The subject property is located on the south side of East 54th Avenue between Killarney Street and Kerr Street and boasts 175-feet of frontage on a sizable 21,000 SF lot. Situated in the heart of the East Vancouver neighbourhood of Killarney, an area characterized by its traffic-calmed streets and picturesque surroundings. Rental demand has proven to be strong, as Killarney has experienced a near-zero per cent vacancy rate and escalating rents for several years.

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