Sites & Buildings - Multifamily, For Sale

Opportunity Information

ALTA VISTA MANOR - Alta Vista Manor

ALTA VISTA MANOR 8750 Selkirk Street Vancouver Lower Mainland/Southwest Greater Vancouver Multifamily $8,798,000 --
 

UNDER CONTRACT - 27 Suite 4 Story Apartment Building on 3 Lots.

Located just North of West 72nd Avenue on Selkirk Street, 2 blocks West of Oak Street within the Lower Hudson area of the Marpole community surrounded by other multifamily dwellings. Located minutes from retail amenities on Granville Street, walking distance to Canada Line Marine Gateway transit & 8 minutes from YVR via ... Read More

 
 
 
 
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About Alta Vista Manor

Building Suites :

Bachelor 6

One Bedroom 17

Two Bedroom 3

Two Bedroom Penthouse 1

Total Suites 27

Building Age : 1963 Approximately ;

Lot Area : 3 Lots totaling 99.00’ feet x 169.07’ feet –16,731 square feet ;

Zoning & Legal : RM-3A Multiple Family Dwelling. Legal: Lots 4,5,6, Block C, Plan VAP1903, District Lot 318, NWD PID 013-202-961 / 013-203-037 / 013-202-901 ;

Parking : 12 covered + 7 open = 19 stalls ;

Assessments : $8,374,000.00 (Land) + $203,000.00 (Bldg)= $8,577,000.00 (2021) ;

Note: 2020 was $9,181,000.00

Gross Income : $356,966.00 Per Annum – Effective January 2021;

Gross Expenses : $117,839.00 / 33% Expense Ratio 2021 – Annualized ;

Net Income : $239,127.00 with Property Management ;

Property Taxes : $26,568.80 (2020) ;

Upgrades : Re-Piping 2018, Interior Painting & Light Fixtures 2018, Hot Water Tank 2013, Roof good condition ;

REDUCED

List Price : $8,798,000.00 / $325,852.00 Price Per Unit - UNDER CONTRACT

All Offers To Purchase are to be subject to inspection of Building and Suites.


17,230 SF
 
 
 
 
 
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