21387 Dewdney Trunk Rd - Apartments FOR SALE


Maple Ridge, BC V2X 3G5
$11,650,000 CAD
604-691-6656
21387 Dewdney Trunk Rd, Maple Ridge, BC for Sale
$11,650,000 CAD
Apartments - FOR SALE
1/10
null | 3.64% Cap Rate

21387 Dewdney Trunk Rd
Maple Ridge, BC V2X 3G5


HIGHLIGHTS

  • Desirable Suite Mix consisting of 35 one-bedrooms and 13 two-bedrooms
  • Held in a Bare Trust offering the potential of significant property transfer tax savings
  • Supplemental Income dedicated covered parking rented at $30/stall on turnover and 6 owned laundry machines
  • Prime Maple Ridge Location with plans for significant infrastructure upgrades with transit connectivity to other major hubs

OVERVIEW

Constructed in 1971, Glenwood Manor is a 48-suite three storey wood frame apartment building situated on a 1.1-acre lot. The building has been well-maintained throughout the years with roof replacements, suite upgrades, plumbing, new intercom system, parking gate motor replacement, and was recently repainted. All suites have breaker panels. The building is also equipped with a back-up generator for common area lighting and the elevator.

FOR SALE DETAILS

PRICE

$11,650,000 CAD

PRICE/SF

$272 CAD /SF

# OF UNITS

48

PRICE/UNIT

$242,708

CAP RATE

3.64%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glenwood Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RS-1

APN/PARCEL ID

000-512-346

ASK ABOUT THIS PROPERTY

Taylor DurhamNAI Commercial VancouverMore Info
604-691-6656

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

Taylor DurhamNAI Commercial VancouverMore Info
604-691-6656

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