1070 Nelson St - Apartments FOR SALE
Vancouver, BC V6E 1H8 |
$6,960,000 CAD
604-209-2928
1070 Nelson St
Vancouver, BC V6E 1H8
HIGHLIGHTS
- Rare opportunity to acquire 12 of 22 strata lots with potential to assemble all units.
- Located in Vancouver’s West End, steps from downtown employment, transit, and amenities.
- Eleven extensively renovated one-bedroom suites with in-suite laundry and mezzanine bedrooms.
- Secure underground parkade, storage lockers, and bike storage for tenant convenience.
- Strong income performance with stabilized net income projected at $280,186 and a 4% cap rate.
- Exceptional long-term land value and redevelopment potential under the West End Community Plan.
OVERVIEW
This building consists of 22 strata lots, which are all 1 bedroom apartments which was originally constructed in 1980. It is wood-frame construction with stucco and wood siding. It has an open courtyard area when you enter the building and the hallways are open-air. Each units has insuitelaundry and come with a separate storage locker. There is an underground parkade and each unit comes with a parking stal
FOR SALE DETAILS
PRICE
$6,960,000 CAD
PRICE/SF
$264 CAD /SF
# OF UNITS
22
PRICE/UNIT
$316,364
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Nelson
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1980
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,766 SF
ZONING
RM-5B
APN/PARCEL ID
CUSTOM-3493392
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604-209-2928
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604-209-2928
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