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The Prince 1775 Adanac St 6 Unit Apartment Building $1,659,007 USD ($276,501 USD/Unit) 4.25% Cap Rate Vancouver, BC V5L 2C8
Investment Highlights
- Located in the Grandview-Woodland neighborhood, near the amenities of Commercial Drive.
- Positioned on a 5,367 SF lot and improved with a building consistently maintained under long-term ownership.
- Stable income property in a sought-after Vancouver residential market.
- Six-unit low-rise apartment with five one-bedroom units and one studio configuration.
- RM-4 zoning supports multiple dwelling use, offering potential for redevelopment or repositioning.
Executive Summary
The Prince Apartment at 1775 Adanac Street presents an opportunity to acquire a well-maintained, six-suite apartment building located in Vancouver’s Grandview-Woodland neighborhood. This property offers a rare stable investment with in-place rental income supported by strong tenancy in one of East Vancouver’s most resilient markets. Situated on a 5,367 SF lot, the building contains five one-bedroom units and one studio, offering flexible rental configurations that appeal to diverse tenant profiles.
Property Facts
| Price | $1,659,007 USD | Apartment Style | Low-Rise |
| Price Per Unit | $276,501 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.25% | Building Size | 5,367 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | ||
| Zoning | RM-4 | ||
| Price | $1,659,007 USD |
| Price Per Unit | $276,501 USD |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,367 SF |
| No. Stories | 3 |
| Year Built | 1952 |
| Zoning | RM-4 |
Amenities
Unit Amenities
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
(604) 420-2600
x207
Contacts
-
Thomas Trowbridge -
Ben Williams -
Joe Hawboldt -
London Pacific Property Agents Inc.
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The Prince | 1775 Adanac St
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