1320 King Albert Ave - Apartments FOR SALE


Coquitlam, BC V3J 1Y1
$18,500,000 CAD
604-662-5193
1320 King Albert Ave, Coquitlam, BC for Sale
$18,500,000 CAD
Apartments - FOR SALE
1/7
null | 4% Cap Rate

1320 King Albert Ave
Coquitlam, BC V3J 1Y1


HIGHLIGHTS

  • 65-suite multifamily property with exceptionally large units on a generous 2.21-acre site.
  • Strong suite mix with 52% of units as two-bedrooms, providing added rental appeal.
  • Significant rent uplift potential with current rents below market benchmarks.
  • Prime location in Austin Heights with access to top-tier amenities, schools, retail, and transit.
  • Situated in an area supported by a growth-focused neighbourhood plan encouraging future density.

OVERVIEW

Lady Sharon Apartments is a well-maintained 65-suite multifamily asset situated on a substantial 2.21-acre site in Coquitlam’s Austin Heights neighbourhood. The property features exceptionally large rental suites—significantly above the submarket average—and a strong suite mix with a majority of spacious two-bedroom units. With current rents positioned below market levels, the asset presents notable potential for revenue growth through tenant turnover. Recent capital upgrades include extensive suite renovations, major roof replacements, and ongoing building maintenance, making the offering an attractive long-term investment within an evolving and increasingly dense urban node. Positioned in the heart of Austin Heights, the property benefits from immediate access to retail, schools, community amenities, and multiple transit connections. The neighbourhood is supported by an established Official Community Plan (OCP), driving significant ongoing investment and redevelopment activity. Nearby amenities range from parks and community centres to grocery stores, cafés, and numerous dining options, all within a walkable and well-connected setting. With strong local demographics—including steady population growth and a high median household income—the area supports long-term tenant demand and sustained investment value.

FOR SALE DETAILS

PRICE

$18,500,000 CAD

PRICE/SF

$226 CAD /SF

# OF UNITS

65

PRICE/UNIT

$284,615

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lady Sharon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,239 SF

ZONING

RM-2

APN/PARCEL ID

008-485-496

ASK ABOUT THIS PROPERTY

604-662-5193

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604-662-5193

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