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975 W 10th Avenue, Vancouver West
Opportunity to acquire a well-maintained 17-suite rental apartment building prominently located in the prestigious Fairview neighbourhood; situated directly across from Vancouver General Hospital, steps from the vibrant West Broadway Corridor, and just around the corner from the future Millennium Line Broadway Extension Station at Oak Street and West Broadway! The Subject Property is located with the Broadway Corridor Plan Study Area, creating potential redevelopment opportunities in the future. The Property has a number of common areas and storage units on the lower level which may potentially be converted into additional one and two bedroom suites, creating additional rental revenue in the future. Additionally, current rents are well-below market rents, providing significant long-term rental upside and value-add opportunity upon turnover and re-lease of suites at market rents. Competitively priced at $7,650,000 ($450,000/suite), close to $400,000 below the BC Assessment. Please do not disturb tenants.
- MLS® #C8028796
- Year Built1912
- TypeMulti-Family Commercial
- Address975 W 10th Avenue
- SubdivisionFairview VW
- CityVancouver West
- Zip CodeV5Z 1L9
- Listing OfficeCBRE Limited
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Listing information last updated on January 21st, 2020 at 3:03pm PST.