227 15th Av E - Apartments FOR SALE


Vancouver, BC V5T 2P8- Mount Pleasant
$3,980,000 CAD
604-420-2600
227 15th Av E, Vancouver, BC for Sale
$3,980,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

227 15th Av E
Vancouver, BC V5T 2P8
Mount Pleasant


HIGHLIGHTS

  • Located within Vancouver’s Mount Pleasant district, known for eclectic dining, retail, and cultural amenities.
  • Excellent walkability and cycling ratings; daily errands can be accomplished without reliance on a car.
  • Proximity to public transit, supporting efficient access around Vancouver.
  • Short distance to major corridors providing connections to Downtown Vancouver and surrounding areas.
  • Registered and licensed for long-term rental use through 2026.

OVERVIEW

The subject property is a well-maintained, eight-suite low-rise rental apartment building situated in Mount Pleasant. Constructed in 1968 and located on a 6,039 SF lot (49.5’ x 122’), the building provides stable in-place cash flow with meaningful and immediate upside with 3 units delivered vacant upon possession. The property features a desirable suite mix comprising of seven one-bedroom suites and one two-bedroom suite.

FOR SALE DETAILS

PRICE

$3,980,000 CAD

PRICE/SF

$1,061 CAD /SF

# OF UNITS

8

PRICE/UNIT

$497,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas TrowbridgeLondon Pacific Property Agents Inc.More Info
604-420-2600

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Thomas TrowbridgeLondon Pacific Property Agents Inc.More Info
604-420-2600

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