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.