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4336 10th Av W 16 Unit Apartment Building $5,014,259 USD ($313,391 USD/Unit) 4.10% Cap Rate Vancouver, BC V6R 2H7
Investment Highlights
- Prime Vancouver location with C-2 commercial zoning, offering flexibility for investment or repositioning.
- Building size of ~12,928 sq. ft. on an 8,052 sq. ft. lot provides solid density.
- Includes 6 parking stalls and 16 storage lockers, enhancing tenant amenities.
- 15 total units with a strong mix of larger suites, including 9 two-bedroom units.
- 11 suites renovated in 2010, reflecting ongoing capital improvements and upkeep.
- Professionally managed with long-term ownership ensuring stable operations and maintenance.
Executive Summary
Chancellor Apartments is a 15-unit multifamily property located at 4336 West 10th Avenue in Vancouver, identified under PIDs 007-760-761 and 007-760-779. The building spans approximately 12,928 square feet on a 66’ x 122’ lot totaling about 8,052 square feet and is zoned C-2 (Commercial). Constructed in 1949, the property has an assessed value of $6,739,000 and includes six parking stalls and 16 storage lockers. The suite mix consists of one studio unit averaging 641 square feet, five one-bedroom units averaging 745 square feet, and nine two-bedroom units averaging 951 square feet. The property has been professionally managed under long-term ownership, with consistent capital improvements and maintenance. Notably, 11 of the 15 suites were renovated in 2010, contributing to the building’s ongoing operational quality and tenant appeal.
Property Facts
| Price | $5,014,259 USD | Apartment Style | Low-Rise |
| Price Per Unit | $313,391 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.10% | Building Size | 17,403 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | ||
| Zoning | C-2 - Commercial | ||
| Price | $5,014,259 USD |
| Price Per Unit | $313,391 USD |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 17,403 SF |
| No. Stories | 3 |
| Year Built | 1949 |
| Zoning | C-2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Very bikeable
80/100
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4336 10th Av W
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