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3636 Fraser St 14 Unit Apartment Building $3,060,729 USD ($218,624 USD/Unit) 5.10% Cap Rate Vancouver, BC V5V 4C8
Investment Highlights
- Character apartment property with 13 fully configured rental suites offering mix and versatility.
- Large artist studio with loft-style ceiling heights adding unique appeal.
- Onsite conveniences include 12 surface parking stalls and dedicated tenant storage rooms.
- Significant capital improvements completed in 2026, including exterior refinishing and systems updates.
- Fraser Street frontage near neighborhood shops, restaurants, transit, and green spaces.
- Strong income performance with scope for future growth in a sought-after submarket.
Executive Summary
Roddington Apartments presents a rare opportunity to acquire a 13-unit rental apartment building in one of Vancouver’s most dynamic neighborhoods, Kensington-Cedar Cottage. This three-story character property combines timeless architectural charm with important modernization, creating a desirable balance of stability and upside potential. The property features a diverse unit mix, including studios, one-bedroom layouts, one-bedroom plus den arrangements, and two-bedroom suites, appealing to a range of tenant profiles.
Extensive recent capital improvements in 2026, including building-wide exterior upgrades and critical system enhancements, position the asset for long-term operational efficiency. Onsite perks include 12 surface parking stalls, ample tenant storage, and upgraded systems ensuring low-maintenance performance. Prime exposure along Fraser Street provides unmatched access to local cafés, boutique retail, parks, and essential services, further enhancing its rental demand.
Strong in-place cash flow, supported by a stabilized net operating income of $221,766 per annum, makes this an attractive income-generating investment. Priced with a guidance of $4,350,000, Roddington Apartments offers investors an exceptional foothold in a growing neighborhood, with significant value appreciation potential in a competitive Vancouver market.
Extensive recent capital improvements in 2026, including building-wide exterior upgrades and critical system enhancements, position the asset for long-term operational efficiency. Onsite perks include 12 surface parking stalls, ample tenant storage, and upgraded systems ensuring low-maintenance performance. Prime exposure along Fraser Street provides unmatched access to local cafés, boutique retail, parks, and essential services, further enhancing its rental demand.
Strong in-place cash flow, supported by a stabilized net operating income of $221,766 per annum, makes this an attractive income-generating investment. Priced with a guidance of $4,350,000, Roddington Apartments offers investors an exceptional foothold in a growing neighborhood, with significant value appreciation potential in a competitive Vancouver market.
Property Facts
| Price | $3,060,729 USD | Building Class | C |
| Price Per Unit | $218,624 USD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,353 SF |
| Cap Rate | 5.10% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CD-1 - Comprehensive Development | ||
| Price | $3,060,729 USD |
| Price Per Unit | $218,624 USD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,353 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | CD-1 - Comprehensive Development |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Strong public transit
80/100
Very bikeable
80/100
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3636 Fraser St
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