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Erwill Apartments 1025 Chilco St 30 Unit Apartment Building $9,290,468 USD ($309,682 USD/Unit) 3.25% Cap Rate Vancouver, BC V6G 1N5
INVESTMENT HIGHLIGHTS
- Opportunity to purchase a well maintained, 30 unit apartment building located West of Denman in Vancouver's most sought-after rental market
- Including an average of $1,433 for the bachelor units, $1,745 on the 1-bedroom units and $2,601 on the 2-bedroom units
- With solid rents in place the property still has upside upon turnover of rents
- Unique property offering additional storage, including 10 separate garages, a workshop, a large laundry room w/ bike storage & additional storage room
EXECUTIVE SUMMARY
Coming to market for the first time, this property has been well maintained with spacious units and an excellent suite mix, including 13 bachelors, 1 4 x 1-bedrooms and 3 x 2-bedrooms, including a penthouse units with roof top patio.
Located West of Denman, one of the most sought-after markets in Vancouver, the property is well positioned within walking distance to Stanley Park, English Bay and the amenities of the West End.
Located West of Denman, one of the most sought-after markets in Vancouver, the property is well positioned within walking distance to Stanley Park, English Bay and the amenities of the West End.
PROPERTY FACTS
| Price | $9,290,468 USD | Property Subtype | Apartment |
| Price Per Unit | $309,682 USD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.25% | Lot Size | 0.30 AC |
| Gross Rent Multiplier | 21.14 | Building Size | 28,695 SF |
| No. Units | 30 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1952 |
| Zoning | RM-5B | ||
| Price | $9,290,468 USD |
| Price Per Unit | $309,682 USD |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| Gross Rent Multiplier | 21.14 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 28,695 SF |
| No. Stories | 3 |
| Year Built | 1952 |
| Zoning | RM-5B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Workshop
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Recycling
- Smoke Free
- Roof Terrace
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (92)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Erwill Apartments | 1025 Chilco St
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