Multi-Family

Main Photo: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8019446
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Opportunity to acquire a West Side apartment building at an East Side price per door!! The Crystal Court Apartments is a 3-Storey plus Penthouse, 24 suite rental apartment building located in the heart of Vancouver’s affluent Marpole neighborhood. The property has fantastic curb appeal situated only a few blocks off the South Granville Retail Commercial Corridor. Within close proximity are major bus routes and the new rapid transit “Marine Drive Station” that provides easy access to the rest of Metro Vancouver. The Crystal Court Apartments is in an overall good state of repair. The rents are currently on average approximately 85% below market rates for modernized units which provides apartment investors & repositioners alike a tremendous opportunity to turn over units and significantly increase yield. Contact us for further information
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Building Type:
Low Rise (2-4 stories)
Year built:
1964 (Age: 54)
Land Use/Zoning:
RM-3A
Taxes:
$17,220.73 / 2017
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
$96,854
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
  • Photo 1: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
    Photo 1 of 5
  • Photo 2: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
    Exterior
  • Photo 3: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
    Photo 3 of 5
  • Photo 4: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
    Photo 4 of 5
  • Photo 5: 8860 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8019446
    Marpole
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Listed by CBRE Limited
Listing information last updated on October 19, 2018 at 11:05 PM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION