Sites & Buildings - Land / Multifamily, For Sale

Opportunity Information

THE MONTCALM APARTMENTS - THE MONTCALM

THE MONTCALM APARTMENTS 8668 Montcalm Street Vancouver Lower Mainland/Southwest Greater Vancouver Land / Multifamily $3,798,000 --
 

RARE OPPOTUNITY TO ACQUIRE A 10 SUITE APARTMENT BLOCK LOCATED WITHIN MARPOLE AREA OF SOUTH VANCOUVER. Located just South of W.70th Avenue, and within minutes from retail amenities on Granville Street.

 
 
 
 
View the Full Listing Details on Spacelist

About THE MONTCALM

Building Suites :

One Bedroom 9

Three Bedroom 1

Total Suites 10

Building Age : 1957 Approximately ;

Lot Area : 50.00’ feet x 140’ feet – 7,000 square feet ;

Zoning & Legal : RM-3A Multiple Family Dwelling.

Legal: Lot 8, Block 16, District Lot 318, VAP 1749 PID 014-343-100 ;

Parking : 5 open ;

Assessments : $2,898,000.00 (Land) + $18,400.00 (Bldg)= $3,252,000.00 (2021) ;

Gross Income : $135,327.00 Per Annum – Effective July 2021;

Gross Expenses : $57,764.00 ;

Net Income : $77,553.00 with Property Management and $85,806.00 with Self Management ;

Property Taxes : $8,789.00 (2021) ;

Upgrades : New High Energy Boiler in 2016, Exterior Painting in 2016, Re-Piping Domestic Water System in 2015, Interior Painting & Light Fixtures in 2018, Hot Water Tank in 2013,

Roof SBS torch on in 2002;

List Price : $3,790,000.00 / $379,000.00 Price Per Unit

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


10,000 SF
 
 
 
 
 
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