Multifamily
Mission Walk Apartments
33136 3 Ave, Mission, BC V2V 1N9
Listing Price: Request For Offer
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap and Institutional Property Advisors present Mission Walk Apartments (the “Property”), a newly constructed 77-unit apartment building ideally situated in the heart of downtown Mission, British Columbia. The Property offers a collection of condominium-quality rental suites, many of which feature expansive views of the Fraser Valley and surrounding landscape and is strategically located within walking distance to the West Coast Express. The property has been thoughtfully designed to appeal to a broad tenant base, supported by a well-balanced and highly functional suite mix with a strong historical performance record. Mission Walk is fully stabilized, held in a bare trust, and is supported by an assumable CMHC mortgage at 2.37% with significant term remaining.
Mission Walk Apartments
Investment Highlights
- Newly Constructed, Institutional-Quality Turnkey Property (2023) - Recently completed by a reputable Metro Vancouver developer, Mission Walk offers a turnkey investment.
- Attractive Assumable CMHC Financing - Benefit from below-market financing at an interest rate of 2.37%, in place through October 2032, providing significant debt cost savings and enhanced cash flow.
- Diverse Suite Mix - Well-balanced unit composition featuring 7 bachelor, 40 one-bedroom, and 30 two-bedroom suites, catering to a broad tenant demographic and supporting long-term occupancy stability.
- Transit-Oriented Downtown Location - Strategically situated in downtown Mission within walking distance to the West Coast Express Mission City Station, providing direct connectivity to downtown Vancouver, and in close proximity to schools, shopping, and everyday amenities.
- Condo-Quality Suite Finishes - High-quality interiors feature stainless steel appliances, in-suite laundry, luxury vinyl plank flooring, generous storage, and bright, open-concept layouts designed to meet modern renter expectations.
- Bare Trust Ownership Structure - The property is held in a bare trust, presenting the rare opportunity for purchasers to achieve meaningful tax efficiencies upon closing.
- Amenity-Rich Living Environment - Residents enjoy a comprehensive amenity package including landscaped grounds, garden plots, a fenced dog run, bike storage, lockers, and secured underground parking.
- Fully Stabilized and Professionally Managed - Mission Walk boasts a fully stabilized operation with a strong occupancy record, proven growth in rents, and is professionally managed.
Exclusively Listed By
Investment Highlights
- Newly Constructed, Institutional-Quality Turnkey Property (2023) - Recently completed by a reputable Metro Vancouver developer, Mission Walk offers a turnkey investment.
- Attractive Assumable CMHC Financing - Benefit from below-market financing at an interest rate of 2.37%, in place through October 2032, providing significant debt cost savings and enhanced cash flow.
- Diverse Suite Mix - Well-balanced unit composition featuring 7 bachelor, 40 one-bedroom, and 30 two-bedroom suites, catering to a broad tenant demographic and supporting long-term occupancy stability.
- Transit-Oriented Downtown Location - Strategically situated in downtown Mission within walking distance to the West Coast Express Mission City Station, providing direct connectivity to downtown Vancouver, and in close proximity to schools, shopping, and everyday amenities.
- Condo-Quality Suite Finishes - High-quality interiors feature stainless steel appliances, in-suite laundry, luxury vinyl plank flooring, generous storage, and bright, open-concept layouts designed to meet modern renter expectations.
- Bare Trust Ownership Structure - The property is held in a bare trust, presenting the rare opportunity for purchasers to achieve meaningful tax efficiencies upon closing.
- Amenity-Rich Living Environment - Residents enjoy a comprehensive amenity package including landscaped grounds, garden plots, a fenced dog run, bike storage, lockers, and secured underground parking.
- Fully Stabilized and Professionally Managed - Mission Walk boasts a fully stabilized operation with a strong occupancy record, proven growth in rents, and is professionally managed.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap and Institutional Property Advisors present Mission Walk Apartments (the “Property”), a newly constructed 77-unit apartment building ideally situated in the heart of downtown Mission, British Columbia. The Property offers a collection of condominium-quality rental suites, many of which feature expansive views of the Fraser Valley and surrounding landscape and is strategically located within walking distance to the West Coast Express. The property has been thoughtfully designed to appeal to a broad tenant base, supported by a well-balanced and highly functional suite mix with a strong historical performance record. Mission Walk is fully stabilized, held in a bare trust, and is supported by an assumable CMHC mortgage at 2.37% with significant term remaining.
Exclusively Listed By
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