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Multifamily

1575 East 1st Avenue

1575 East 1st Avenue, Vancouver, BC V5N 1A6

Listing Price: $5,200,000

Cap Rate
3.39%
Number of Units
13
Price/Unit
$400,000
Price/Gross SF
$611.19
Gross SF
8,508

Investment Overview

The McEvay | Blair Multifamily Group, and Marcus & Millichap are pleased to present the opportunity to purchase 1575 East 1st Avenue, an exceptionally located 13 unit apartment building, situated just one block from the heart of famous Commercial Drive. The property is located within the Grandview Woodlands Community Plan, which allows for a potential of 6 stories and 2.4 FSR.

Investment Highlights

  • Exceptionally located 13 unit apartment building, situated just one block from the heart of famous Commercial Drive which is home to hundreds of restaurants, services, and shops.
  • Numerous recent capital expenditures have been completed at the building: new roof and skylights (2020), high-efficiency boiler system (2010), and double-paned windows (2010).
  • Property is located within the Grandview Woodlands Community Plan, which allows for a potential of 6 stories and 2.4 FSR.

Exclusively Listed By

Multifamily

1575 East 1st Avenue

Listing Price: $5,200,000

Cap Rate
3.39%
Number of Units
13
Price/Unit
$400,000
Price/Gross SF
$611.19
Gross SF
8,508

Investment Highlights

  • Exceptionally located 13 unit apartment building, situated just one block from the heart of famous Commercial Drive which is home to hundreds of restaurants, services, and shops.
  • Numerous recent capital expenditures have been completed at the building: new roof and skylights (2020), high-efficiency boiler system (2010), and double-paned windows (2010).
  • Property is located within the Grandview Woodlands Community Plan, which allows for a potential of 6 stories and 2.4 FSR.

Investment Overview

The McEvay | Blair Multifamily Group, and Marcus & Millichap are pleased to present the opportunity to purchase 1575 East 1st Avenue, an exceptionally located 13 unit apartment building, situated just one block from the heart of famous Commercial Drive. The property is located within the Grandview Woodlands Community Plan, which allows for a potential of 6 stories and 2.4 FSR.

Exclusively Listed By

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