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8750 Osler St 38 Unit Apartment Building $7,495,265 USD ($197,244 USD/Unit) 4% Cap Rate Vancouver, BC V6P 4E9
Investment Highlights
- Located in Marpole, a well-established Vancouver neighborhood with excellent connectivity.
- Current rents are 23.5% below market, offering strong income growth potential.
- Walk Score of 91 with proximity to transit, retail, and Vancouver International Airport.
- 27 of 38 units renovated with modern kitchens and bathrooms.
- Additional revenue from parking and storage facilities.
Executive Summary
The Maples presents a rare opportunity to acquire a well-maintained 38-unit rental apartment building in the heart of Marpole, one of Vancouver’s most established residential neighborhoods. Positioned on a 22,182 SF lot, the property offers a strong value-add potential with significant capital improvements already completed, including a new roof in 2024, high-efficiency boilers, and modernized piping systems.
The suite mix consists of one- and two-bedroom units, with 27 of the 38 units already renovated with updated kitchens and bathrooms. Current rents are approximately 23.5% below market, providing substantial upside as units turn over. Additional income streams are available through parking and storage.
Located within walking distance to essential services, retail, and transit, the property boasts a Walk Score of 91. The Marine Drive Canada Line Station is nearby, offering direct access to downtown Vancouver and Vancouver International Airport. With its strong fundamentals, desirable location, and upside potential, The Maples is an attractive investment for multifamily buyers seeking long-term growth and stable returns.
The suite mix consists of one- and two-bedroom units, with 27 of the 38 units already renovated with updated kitchens and bathrooms. Current rents are approximately 23.5% below market, providing substantial upside as units turn over. Additional income streams are available through parking and storage.
Located within walking distance to essential services, retail, and transit, the property boasts a Walk Score of 91. The Marine Drive Canada Line Station is nearby, offering direct access to downtown Vancouver and Vancouver International Airport. With its strong fundamentals, desirable location, and upside potential, The Maples is an attractive investment for multifamily buyers seeking long-term growth and stable returns.
Property Facts
| Price | $7,495,265 USD | Building Class | C |
| Price Per Unit | $197,244 USD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 39,819 SF |
| Cap Rate | 4% | Average Occupancy | 100% |
| No. Units | 38 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-3A - Residential | ||
| Price | $7,495,265 USD |
| Price Per Unit | $197,244 USD |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 39,819 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | RM-3A - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 2+1 | 7 | - | - |
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Walk Score®
Walker's Paradise (91)
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8750 Osler St
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