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$ 6,700,000

2285 TRIUMPH STREET, Vancouver, BC, V5L 1L2

Listing ID# C8014713
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$ 6,700,000

  • 2285 TRIUMPH STREET
    Vancouver, BC V5L 1L2
  • Listing ID C8014713
  • Primary Business Type: Multi-Family
  • Total Units: 16
  • Building Type: Commercial
  • Status: For Sale/Active
  • Days on Market: 31

Property Description

The ???Garden Manor Apartments??? is a substantially renovated 3-storey plus underground parkade, 16-suite rental apartment building prominently located in the highly sought-after Grandview-Woodland Neighborhood. The building has enjoyed a variety of recent capital upgrades including; a full re-pipe, new windows and sliders, new front intercom system, lobby and common area updates and a full renovation to 11 of 16 suites, to name a few. Cap rate on the list price is 3% with excellent future rental upside. The Offering provides prospective investors the opportunity to increase cash flow and yield by renovating the remaining 5 un-renovated suites on turnover and increasing rents to match the rents currently being achieved within the building. Additionally, due to the property???s inclusion in the recently approved Grandview-Woodland Community Plan there is significant future redevelopment opportunity.



Listing courtesy of CBRE Limited


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