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Aspen 1455 West 71st Ave 21 Unit Apartment Building $5,549,133 USD ($264,244 USD/Unit) 3.33% Cap Rate Vancouver, BC V6P 3B6
Investment Highlights
- Located in Vancouver’s Marpole neighborhood with excellent connectivity.
- Well-maintained and self-managed property with stable income history.
- Recent upgrades include decks, balcony railings, electrical panels, and hot water tank.
- Close to Vancouver International Airport and major transit routes.
Executive Summary
The Aspen presents investors the opportunity to purchase a well-positioned multifamily asset in Vancouver's Marpole neighbourhood with the opportunity to continue adding value on tenant turnover. The building has been self-managed and well cared for over the course of ownership. Recent upgrades include new decks, balcony railings, upgraded electrical panels, and hot water tank. Many of the suites have been recently renovated on turnover, complete with modern kitchens, bathrooms, and flooring. These suites are currently achieving above market rents, paving the way for a future owner to continue the program on tenant turnover and further bolster gross revenues. on a large 13,000 sf lot, boasting an excellent walk score of 89, showcasing the property's terrific proximity to shops, transit, restaurants, and amenities along Granville Street
Property Facts
| Price | $5,549,133 USD | Apartment Style | Mid-Rise |
| Price Per Unit | $264,244 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 3.33% | Building Size | 13,000 SF |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | RM-3A - Residential | ||
| Price | $5,549,133 USD |
| Price Per Unit | $264,244 USD |
| Sale Type | Investment |
| Cap Rate | 3.33% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,000 SF |
| No. Stories | 4 |
| Year Built | 1965 |
| Zoning | RM-3A - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Aspen | 1455 West 71st Ave
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