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Multifamily

St. Elmo Rooms

425 Campbell Avenue, Vancouver, BC V6A 3K4

Listing Price: $3,500,000

Cap Rate
4.43%
Number of Units
20
Price/Unit
$175,000
Price/Gross SF
$1,721.59
Gross SF
2,033

Investment Overview

The McEvay | Blair Multifamily Group and Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in St. Elmo Rooms. Originally constructed in 1910, with extensive renovations completed in 2019, St. Elmo Rooms features 2 one-bedroom units on the ground floor with 12’ ceilings, high-end modern finishes, in-suite laundry, and private entrances as well as 18 micro-units under the Single Room Accommodation (SRA) Bylaw that are equipped with their own fridge, sink and gas stove and feature mountain views. The original brick façade was beautifully restored to match the timeless character.

Investment Highlights

  • Transit oriented location within close proximity to an emerging restaurant and brewery scene.
  • Significant cost savings with assumable CMHC financing featuring an attractive 10 year rate
  • Major renovations completed with no deferred maintenance.
  • Stabilized cash flow with an impressive 4.43% Cap Rate with further revenue growth potential.

Exclusively Listed By

Multifamily

St. Elmo Rooms

Listing Price: $3,500,000

Cap Rate
4.43%
Number of Units
20
Price/Unit
$175,000
Price/Gross SF
$1,721.59
Gross SF
2,033

Investment Highlights

  • Transit oriented location within close proximity to an emerging restaurant and brewery scene.
  • Significant cost savings with assumable CMHC financing featuring an attractive 10 year rate
  • Major renovations completed with no deferred maintenance.
  • Stabilized cash flow with an impressive 4.43% Cap Rate with further revenue growth potential.

Investment Overview

The McEvay | Blair Multifamily Group and Marcus & Millichap are pleased to present investors with the exclusive opportunity to purchase 100% freehold interest in St. Elmo Rooms. Originally constructed in 1910, with extensive renovations completed in 2019, St. Elmo Rooms features 2 one-bedroom units on the ground floor with 12’ ceilings, high-end modern finishes, in-suite laundry, and private entrances as well as 18 micro-units under the Single Room Accommodation (SRA) Bylaw that are equipped with their own fridge, sink and gas stove and feature mountain views. The original brick façade was beautifully restored to match the timeless character.

Exclusively Listed By

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