8750 Osler St - Apartments FOR SALE


Vancouver, BC V6P 4E9
$10,250,000 CAD
604-687-7331
8750 Osler St, Vancouver, BC for Sale
$10,250,000 CAD
Apartments - FOR SALE
1/6
null | 4% Cap Rate

8750 Osler St
Vancouver, BC V6P 4E9


HIGHLIGHTS

  • Located in Marpole, a well-established Vancouver neighborhood with excellent connectivity.
  • 27 of 38 units renovated with modern kitchens and bathrooms.
  • Current rents are 23.5% below market, offering strong income growth potential.
  • Additional revenue from parking and storage facilities.
  • Walk Score of 91 with proximity to transit, retail, and Vancouver International Airport.

OVERVIEW

The Maples presents a rare opportunity to acquire a well-maintained 38-unit rental apartment building in the heart of Marpole, one of Vancouver’s most established residential neighborhoods. Positioned on a 22,182 SF lot, the property offers a strong value-add potential with significant capital improvements already completed, including a new roof in 2024, high-efficiency boilers, and modernized piping systems. The suite mix consists of one- and two-bedroom units, with 27 of the 38 units already renovated with updated kitchens and bathrooms. Current rents are approximately 23.5% below market, providing substantial upside as units turn over. Additional income streams are available through parking and storage. Located within walking distance to essential services, retail, and transit, the property boasts a Walk Score of 91. The Marine Drive Canada Line Station is nearby, offering direct access to downtown Vancouver and Vancouver International Airport. With its strong fundamentals, desirable location, and upside potential, The Maples is an attractive investment for multifamily buyers seeking long-term growth and stable returns.

FOR SALE DETAILS

PRICE

$10,250,000 CAD

PRICE/SF

$257 CAD /SF

# OF UNITS

38

PRICE/UNIT

$269,737

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,182 SF

ZONING

RM-3A

APN/PARCEL ID

012-812-684,013-954-172,013-954-181,013-954-199,013-954-202

ASK ABOUT THIS PROPERTY

Chris WieserAvison YoungMore Info
604-687-7331

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Chris WieserAvison YoungMore Info
604-687-7331

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