1222 Pendrell St - Apartments FOR SALE


Vancouver, BC V6E 1Z3
$15,000,000 CAD
604-687-7331
1222 Pendrell St, Vancouver, BC for Sale
$15,000,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1222 Pendrell St
Vancouver, BC V6E 1Z3


HIGHLIGHTS

  • New IBC boiler system installed
  • New hot water tank
  • Vertical plumbing upgrades
  • New torch on roof
  • Elevator systems upgraded
  • Major capital upgrades are required to ensure long term stability of the asset

OVERVIEW

Avison Young Multi-Family Team is pleased to present a rare opportunity to acquire a 43-unit concrete rental apartment building in the heart of Vancouver’s iconic West End and Davie Village. Ideally located at 1222 Pendrell Street, Vancouver, BC, the property is a value add opportunity and priced to ensure investors can capture the upside of this asset.

FOR SALE DETAILS

PRICE

$15,000,000 CAD

PRICE/SF

$273 CAD /SF

# OF UNITS

43

PRICE/UNIT

$348,837

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,645 SF

ZONING

RM-5B

APN/PARCEL ID

015-740-986

ASK ABOUT THIS PROPERTY

Kevin MurrayAvison YoungMore Info
604-687-7331

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Kevin MurrayAvison YoungMore Info
604-687-7331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.