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Multifamily

Rim Rock Manor

8630 Osler St, Vancouver, BC V6P 4E7

Listing Price: $6,950,000

Cap Rate
2.60%
Number of Units
21
GRM
24.65
Price/Unit
$330,952
Price/Gross SF
$569.81
Gross SF
12,197

Investment Overview

Well maintained 21 unit apartment building that has been owned and operated by the current family for decades. Located along a quiet, tree-lined Street in the heart of Marpole, the building features 21 nicely appointed suites and includes a 1 bedroom penthouse with a fully rebuilt rooftop deck.

Investment Highlights

  • Recent capital expenditures include replacement of the boiler in 2017, hot water holding tank replacement in 2014, and a partial building repipe in 2014.
  • Every suite features a balcony or ground floor patio, a storage locker, and there are 14 total parking stalls, 8 of which are covered.
  • Excellent location just off West 70th Avenue with direct highway access to downtown Vancouver and Vancouver International Airport.
  • Opportunity to increase rents on turnover.

Exclusively Listed By

Multifamily

Rim Rock Manor

Listing Price: $6,950,000

Cap Rate
2.60%
Number of Units
21
GRM
24.65
Price/Unit
$330,952
Price/Gross SF
$569.81
Gross SF
12,197

Investment Highlights

  • Recent capital expenditures include replacement of the boiler in 2017, hot water holding tank replacement in 2014, and a partial building repipe in 2014.
  • Every suite features a balcony or ground floor patio, a storage locker, and there are 14 total parking stalls, 8 of which are covered.
  • Excellent location just off West 70th Avenue with direct highway access to downtown Vancouver and Vancouver International Airport.
  • Opportunity to increase rents on turnover.

Investment Overview

Well maintained 21 unit apartment building that has been owned and operated by the current family for decades. Located along a quiet, tree-lined Street in the heart of Marpole, the building features 21 nicely appointed suites and includes a 1 bedroom penthouse with a fully rebuilt rooftop deck.

Exclusively Listed By

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