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8741 Cartier Street
Vancouver BC , V6P 4V3 , CAN
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Chris Hayne
Agent
Email Me

Royal LePage Sussex
Brokerage:
2397 MARINE DR
WEST VANCOUVER, BC
V7V1K9
Phone: 604.925.2911
Fax: 604.925.3002
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Bill Jassal
Commercial Real Estate Broker / Personal Real Estate Corporation
Email Me

Brokerage:
Royal LePage Sussex
2397 MARINE DR
WEST VANCOUVER, BC
V7V1K9
Phone: 604.925.2911
Fax: 604.925.3002
$4,800,000.00
Commercial : Apartment
Freestanding: Yes
Usage: Apartments - 6 to 12 Units
No. of Parking Spaces: 5
Zoning: RM-3A
Remarks:
Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex. 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, 5 of which have been recently renovated. 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, the property establishes the next owner for success.

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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