2464 W 1st Ave - Apartments FOR SALE


Vancouver, BC V6K 1G6
$5,238,000 CAD
604-908-9014
2464 W 1st Ave, Vancouver, BC for Sale
$5,238,000 CAD
Apartments - FOR SALE
1/3
null | 4.07% Cap Rate

2464 W 1st Ave
Vancouver, BC V6K 1G6


HIGHLIGHTS

  • Just two blocks from Kits Beach and pool, offering tenants easy access to Vancouver’s most iconic waterfront and vibrant neighborhood amenities.
  • Upper units and the one-bedroom penthouse with private deck boast stunning panoramic views, plus a shared rooftop deck for tenants to enjoy.
  • Five units and the penthouse are currently vacant, giving you the flexibility to select tenants at current market rates and optimize rental income.
  • Projected 4%+ CAP rate, minimal ongoing expenses, and a well-maintained building with recent upgrades:
  • Units feature newer cabinets, double-glazed vinyl windows (2012), hardwood floors, modern fixtures, balconies, and 4 parking spaces off the back lane.

OVERVIEW

Kits beach 11 unit walkup apartment building including penthouse, only 2 blocks from from kits beach and pool. Panoramic views from the upper units and penthouse. 5 units and penthouse are presently untenanted allowing you to choose your own tenants at current market rents. Potential 4%+ CAP rate. This location is extremely desirable to renters and the ongoing expenses to you will be minimal. Well maintained. Units boast newer cabinets, double glazed vinyl windows (2012), with blinds, hardwood floors, modern fixtures and balconies. 4 parking spaces off the back lane. Boiler replaced in 2010, roof 2012, exterior paint 2023. part of the roof is a shared deck for the tenants. some of the units come furnished. One bedroom penthouse with private deck (vacant), one bedroom with large den (vacant), three one bedrooms (vacant), and six one bedrooms rented. Earn a decent return now with huge potential in the future.

FOR SALE DETAILS

PRICE

$5,238,000 CAD

PRICE/SF

$663 CAD /SF

# OF UNITS

11

PRICE/UNIT

$476,182

CAP RATE

4.07%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM-4

APN/PARCEL ID

009-104-356

ASK ABOUT THIS PROPERTY

Ken DixonRennie & Associates Realty Ltd.More Info
604-908-9014

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Ken DixonRennie & Associates Realty Ltd.More Info
604-908-9014

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