8738 French St - Apartments FOR SALE


Vancouver, BC V6P 4W7
$12,380,000 CAD
604-662-5141
8738 French St, Vancouver, BC for Sale
$12,380,000 CAD
Apartments - FOR SALE
1/17
null | 4.25% Cap Rate

8738 French St
Vancouver, BC V6P 4W7


HIGHLIGHTS

  • Exceptionally maintained property.
  • Set on a picturesque, tree-lined street.
  • Features an attractive Colonial style design.
  • Features a large arched front entrance.
  • Features an open private courtyard.
  • Historically enjoyed a 100% occupancy rate.

OVERVIEW

French Court Apartments presents the opportunity to acquire a 39-suite rental apartment property located in Vancouver’s Marpole neighbourhood. The three-storey building is positioned on French Street near the Granville Street commercial corridor, placing residents within walking distance of grocery stores, restaurants, retail services, schools, parks, and public transportation. The property also benefits from convenient access to SW Marine Drive, Granville Street, Oak Street, Highway 99, Marine Gateway, Downtown Vancouver, Richmond, and Vancouver International Airport, supporting long-term tenant demand and regional connectivity. Constructed in 1986, the property features a distinctive colonial-inspired architectural design with a prominent arched entrance, private courtyard, secure underground parking, elevator service, and common laundry facilities. Ownership has completed a range of capital improvements, including full window replacement, replacement of individual hot water tanks, exterior façade enhancements, and renovations to more than half of the suites. Renovated units include upgrades such as vinyl plank flooring, quartz countertops, updated cabinetry, lighting improvements, and in select cases in-suite laundry additions. Operationally, the asset benefits from individually metered electricity, electric baseboard heating, and individual hot water tanks, with utility costs paid directly by tenants. The property has historically maintained full occupancy and offers investors the opportunity to continue implementing suite modernization programs as units turn over. Its location within an established residential neighbourhood undergoing continued investment and redevelopment activity further supports the property's long-term positioning within Vancouver’s multifamily market.

FOR SALE DETAILS

PRICE

$12,380,000 CAD

PRICE/SF

$413 CAD /SF

# OF UNITS

39

PRICE/UNIT

$317,436

CAP RATE

4.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

French Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,976 SF

ZONING

RM-3A

APN/PARCEL ID

009-419-209

ASK ABOUT THIS PROPERTY

Lance CoulsonCBRE, LimitedMore Info
604-662-5141

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Lance CoulsonCBRE, LimitedMore Info
604-662-5141

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