1033 Granville St - Apartments FOR SALE


Vancouver, BC V6Z 1L4- Downtown Vancouver
$12,495,000 CAD
778-907-1246
1033 Granville St, Vancouver, BC for Sale
$12,495,000 CAD
Apartments - FOR SALE
1/18
null | 5.39% Cap Rate

1033 Granville St
Vancouver, BC V6Z 1L4
Downtown Vancouver


OVERVIEW

Corbel Commercial is pleased to present an exceptional opportunity to acquire a free standing 3-storey, mixed use asset located at 1033 - 1039 Granville Street in Downtown Vancouver. The subject property is comprised of 3 Commercial Restaurant/Retail units on the main floor* that are fully leased and 8 massive, 3-bedroom, fully refurbished character residential units* on floors 2 and 3. The building has undergone a substantial renovation to include new glass retail storefronts, upgraded building systems, commercial grade venting systems for commercial kitchens, and fully restored character residential market rental units above. Centrally located in the heart of the Granville Entertainment District known for its vast assortment of bars, dance clubs, restaurants, shops, and vibrant nightlife - this is an excellent income generating investment with potential redevelopment opportunities in the future. *Approved occupancy with the City of Vancouver is restaurant for units 1033 & 1037, residential for unit 1035 (4 dwelling units on the second storey, 4 dwelling units on the third storey), and retail (limited service food establishment) for unit 1039. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.

FOR SALE DETAILS

PRICE

$12,495,000 CAD

PRICE/SF

$833 CAD /SF

# OF UNITS

8

PRICE/UNIT

$1,561,875

CAP RATE

5.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

DD

APN/PARCEL ID

015-497-151

ASK ABOUT THIS PROPERTY

Robert ThamCorbel Commercial Inc.More Info
778-907-1246

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Robert ThamCorbel Commercial Inc.More Info
778-907-1246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.