8741 Cartier Street Vancouver, British Columbia V6P 4V3
$3,945,000
Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. 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 Bedrooms and 1 Three Bedroom unit. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area. (id:60504)
Property Details
| MLS® Number | C8070283 |
| Property Type | Multi-family |
| Neigbourhood | Shaughnessy |
| Features | Lane |
| Road Type | Paved Road |
Building
| Amenities | Street Lighting |
| Constructed Date | 1958 |
| Fire Protection | Alarm System |
| Size Interior | 11,238 Ft2 |
Land
| Acreage | No |
| Size Irregular | 7008 |
| Size Total | 7008 Sqft |
| Size Total Text | 7008 Sqft |
| Zoning Description | Rm-3a |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
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June 24 2025 10:02:48
Greater Vancouver REALTORS®
Royal LePage Sussex