$5,200,000 CAD
604-661-0868
958 E Broadway
Vancouver, BC V5T 3Y1
Mount Pleasant
HIGHLIGHTS
- 15-unit multifamily investment opportunity with value-add and redevelopment potential. Significant upside on current rents.
- High demand from post-secondary students given nearby Emily Carr University, Centre for Digital Media, and Vancouver Community College Campuses.
- Designated for secured market rental development with density up to 6.5 FSR and height of 20 storeys.
- Phenomenal transit-oriented location, within 10 minute walking distance to Great Northern Way - Emily Carr Station.
OVERVIEW
Colliers is excited to present this multifamily investment opportunity with value-add and redevelopment potential in the heart of Mount Pleasant's Creative District. This property comprises 15 units on a 8,012 SF site on East Broadway. Located between St. Catharine and Windsor Streets, the property is steps away from the area's best breweries, restaurants, and retail amenities.
FOR SALE DETAILS
PRICE
$5,200,000 CAD
PRICE/SF
$406 CAD /SF
# OF UNITS
15
PRICE/UNIT
$346,667
CAP RATE
2.21%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1960
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
8,012 SF
ZONING
RM-4
APN/PARCEL ID
007-739-931,007-739-958
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604-661-0868
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604-661-0868
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