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Multifamily

Rendora Apartments

1395 West 12th Avenue, Vancouver, BC V6H 1M2

Listing Price: $12,300,000

Cap Rate
2.73%
Number of Units
20
Price/Unit
$615,000
Price/Gross SF
$949.44
Gross SF
12,955

Investment Overview

McEvay Blair Multifamily Group | Marcus & Millichap is pleased to present the opportunity to purchase Rendora Apartments, a Extensively Upgraded South Granville Apartment Building within 500 Meters of Future Broadway Subway Station. 1395 West 12th Avenue is strategically positioned within the newly published Draft Broadway Plan on a high profile corner lot with 50’ of frontage on West 12th Avenue and 125 feet of frontage on Hemlock Street. Under the Broadway Plan the property is designated for higher density presenting future redevelopment options.

Investment Highlights

  • Conveniently and centrally located within Vancouver's prominent South Granville neighbourhood with immediate access to high end fashion boutiques, upscale cafes and global restaurants.
  • Impressive suite mix with 8 two bedroom, 8 one bedroom, and 4 bachelor units.
  • Significant capital expenditures recently completed to the entire building including modern renovations to 13 of the 20 units (65%).

Exclusively Listed By

Multifamily

Rendora Apartments

Listing Price: $12,300,000

Cap Rate
2.73%
Number of Units
20
Price/Unit
$615,000
Price/Gross SF
$949.44
Gross SF
12,955

Investment Highlights

  • Conveniently and centrally located within Vancouver's prominent South Granville neighbourhood with immediate access to high end fashion boutiques, upscale cafes and global restaurants.
  • Impressive suite mix with 8 two bedroom, 8 one bedroom, and 4 bachelor units.
  • Significant capital expenditures recently completed to the entire building including modern renovations to 13 of the 20 units (65%).

Investment Overview

McEvay Blair Multifamily Group | Marcus & Millichap is pleased to present the opportunity to purchase Rendora Apartments, a Extensively Upgraded South Granville Apartment Building within 500 Meters of Future Broadway Subway Station. 1395 West 12th Avenue is strategically positioned within the newly published Draft Broadway Plan on a high profile corner lot with 50’ of frontage on West 12th Avenue and 125 feet of frontage on Hemlock Street. Under the Broadway Plan the property is designated for higher density presenting future redevelopment options.

Exclusively Listed By

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