Multifamily
Merklin Manor
1351 Merklin Street, White Rock, BC V4B 4C2
Listing Price: $6,000,000
Cap Rate
3.04%
Number of Units
20
GRM
20.73
Price/Unit
$300,000
Price/Gross SF
$401.55
Gross SF
14,942
Investment Overview
Merklin Manor has been incredibly well maintained with recent upgrades including newer windows, hot water tanks, hallway carpets and kitchen/ bathroom cabinets including the addition of dishwashers to the majority of the units.
Investment Highlights
- Merklin Manor has been incredibly well maintained with recent upgrades
- The property boasts a popular location due to the proximity to the beach, White Rock Pier, and numerous shops and restaurants along Thrift Avenue and Johnston Road
- excellent suite mix, including 6 x 2-Bedrooms, 12 x 1-Bedrooms and 2 bachelors
- At an average rent of $1,206/month, there's significant room to improve rents upon turnover and drastically improve the 3.04% cap rate.
Exclusively Listed By
Listing Price: $6,000,000
Cap Rate
3.04%
Number of Units
20
GRM
20.73
Price/Unit
$300,000
Price/Gross SF
$401.55
Gross SF
14,942
Investment Highlights
- Merklin Manor has been incredibly well maintained with recent upgrades
- The property boasts a popular location due to the proximity to the beach, White Rock Pier, and numerous shops and restaurants along Thrift Avenue and Johnston Road
- excellent suite mix, including 6 x 2-Bedrooms, 12 x 1-Bedrooms and 2 bachelors
- At an average rent of $1,206/month, there's significant room to improve rents upon turnover and drastically improve the 3.04% cap rate.
Investment Overview
Merklin Manor has been incredibly well maintained with recent upgrades including newer windows, hot water tanks, hallway carpets and kitchen/ bathroom cabinets including the addition of dishwashers to the majority of the units.