Multifamily
Erwill Apartments
1025 Chilco Street, Vancouver, BC V6G 2R5
Listing Price: $12,900,000
Cap Rate
3.25%
Number of Units
30
GRM
21.14
Price/Unit
$430,000
Price/Gross SF
$994.68
Gross SF
12,969
Investment Overview
Coming to market for the first time, this property has been well maintained with spacious units and an excellent suite mix, including 13 bachelors, 1 4 x 1-bedrooms and 3 x 2-bedrooms, including a penthouse units with roof top patio.
Investment Highlights
- Opportunity to purchase a well maintained, 30 unit apartment building located West of Denman in Vancouver's most sought-after rental market
- With solid rents in place, including an average of $1,433 for the bachelor units, $1,745 on the 1-bedroom units and $2,601 on the 2-bedroom units, the property still has upside upon turnover of rents
- The property is unique in that it offers additional storage, including 10 separate garage's, a workshop, a large laundry room with bike storage and an additional storage locker room.
Exclusively Listed By
Listing Price: $12,900,000
Cap Rate
3.25%
Number of Units
30
GRM
21.14
Price/Unit
$430,000
Price/Gross SF
$994.68
Gross SF
12,969
Investment Highlights
- Opportunity to purchase a well maintained, 30 unit apartment building located West of Denman in Vancouver's most sought-after rental market
- With solid rents in place, including an average of $1,433 for the bachelor units, $1,745 on the 1-bedroom units and $2,601 on the 2-bedroom units, the property still has upside upon turnover of rents
- The property is unique in that it offers additional storage, including 10 separate garage's, a workshop, a large laundry room with bike storage and an additional storage locker room.
Investment Overview
Coming to market for the first time, this property has been well maintained with spacious units and an excellent suite mix, including 13 bachelors, 1 4 x 1-bedrooms and 3 x 2-bedrooms, including a penthouse units with roof top patio.
Exclusively Listed By