Multifamily
Noraleen Apartments
1676 W 10th Ave, Vancouver, BC V6J 2A1
Listing Price: $6,300,000
Cap Rate
3.76%
Number of Units
11
GRM
22.11
Price/Unit
$572,727
Price/Gross SF
$1,000.00
Gross SF
6,300
Investment Overview
A fully renovated, 11-unit apartment building located in a highly coveted west of Granville location, with strong in-place rental income and high density redevelopment potential under the Broadway Plan.
Noraleen Apartments
Investment Highlights
- All units have been tastefully renovated with refinished hardwood floors, soft close cabinets, quartz and arborite counter tops, new tiling and dishwashers.
- The Property is designated in the Fairview South - Area A of the Broadway Plan allowing a density of 6.5 FSR and a height of 20 storeys for market rental redevelopment.
- Through diligent ownership and self-management, the property is achieving peak market rents and generating exceptional cash flow, resulting in a rare high-yield investment asset on Vancouver's west si
- The Property boasts 50-feet of prime frontage along West 10th Avenue and presents the opportunity to assemble with either neighbouring lot which includes a 15-unit, 1975-built strata building and a 1912-built church.
Exclusively Listed By
Listing Price: $6,300,000
Cap Rate
3.76%
Number of Units
11
GRM
22.11
Price/Unit
$572,727
Price/Gross SF
$1,000.00
Gross SF
6,300
Investment Highlights
- All units have been tastefully renovated with refinished hardwood floors, soft close cabinets, quartz and arborite counter tops, new tiling and dishwashers.
- The Property is designated in the Fairview South - Area A of the Broadway Plan allowing a density of 6.5 FSR and a height of 20 storeys for market rental redevelopment.
- Through diligent ownership and self-management, the property is achieving peak market rents and generating exceptional cash flow, resulting in a rare high-yield investment asset on Vancouver's west si
- The Property boasts 50-feet of prime frontage along West 10th Avenue and presents the opportunity to assemble with either neighbouring lot which includes a 15-unit, 1975-built strata building and a 1912-built church.
Investment Overview
A fully renovated, 11-unit apartment building located in a highly coveted west of Granville location, with strong in-place rental income and high density redevelopment potential under the Broadway Plan.
Exclusively Listed By
