1546 W 12th Ave - Apartments FOR SALE


Vancouver, BC V6J 2E1
$6,500,000 CAD
604-647-1340
1546 W 12th Ave, Vancouver, BC for Sale
$6,500,000 CAD
Apartments - FOR SALE
1/2
null | 2.72% Cap Rate

1546 W 12th Ave
Vancouver, BC V6J 2E1


OVERVIEW

Macdonald Commercial, alongside Remax Crest Masters, is pleased to present the opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver’s desirable South Granville neighbourhood. The property consists of a 7,813-square-foot site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential.

FOR SALE DETAILS

PRICE

$6,500,000 CAD

PRICE/SF

$775 CAD /SF

# OF UNITS

13

PRICE/UNIT

$500,000

CAP RATE

2.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,813 SF

ZONING

RM-3

APN/PARCEL ID

014-176-599

ASK ABOUT THIS PROPERTY

Jake LuftMacdonald CommercialMore Info
604-647-1340

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Jake LuftMacdonald CommercialMore Info
604-647-1340

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