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.