8687 Selkirk St - Apartments FOR SALE


Vancouver, BC V6P 4J2
$5,699,000 CAD
604-328-0753
8687 Selkirk St, Vancouver, BC for Sale
$5,699,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

8687 Selkirk St
Vancouver, BC V6P 4J2


HIGHLIGHTS

  • Generates monthly rental income of $20,084 from ten leased units.
  • Consistent upgrades across all units ensure uniform quality and tenant retention.
  • 6,500 sq ft RM-3 zoned lot allows for potential future redevelopment.
  • Recent professional inspection ensures verifiable asset condition.
  • Strategic location with convenient access to amenities and local transit options.
  • Established property in a stable Vancouver submarket with demonstrated rental demand.

OVERVIEW

8687 Selkirk Street presents an investment opportunity in Vancouver’s sought-after Marpole neighborhood. This multi-family property sits on a 6,500 sq ft lot and offers a stable income stream with ten fully leased residential units and one additional unit set aside for personal use. The asset currently generates $20,084 in monthly rental income, paired with documented operating expenses of $49,839 annually, covering taxes, insurance, and water. Each unit has been updated to a consistent standard, minimizing immediate renovation costs for potential buyers. A comprehensive 87-page inspection report from January 2019 is also available under accepted offer terms, providing transparency and peace of mind. Constructed in 1958 and zoned RM-3, the property is well-positioned for long-term value retention or future redevelopment opportunities in a dynamic rental market. Located in a high-demand residential area near major transit routes, retail, and essential amenities, this property provides reliable cash flow while delivering potential upside through Vancouver’s steady population growth and housing demand.

FOR SALE DETAILS

PRICE

$5,699,000 CAD

PRICE/SF

$877 CAD /SF

# OF UNITS

11

PRICE/UNIT

$518,091

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

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

RM-3A

APN/PARCEL ID

014-341-301

ASK ABOUT THIS PROPERTY

Bryan LeonhardtMacdonald RealtyMore Info
604-328-0753

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

Bryan LeonhardtMacdonald RealtyMore Info
604-328-0753

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