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2285 TRIUMPH Street in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East) : MLS®# C8014713

2285 TRIUMPH Street Vancouver V5L 1L2 : Hastings

Main Photo: 2285 TRIUMPH Street in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8014713
$6,160,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8014713
Status:
Active
Build. Type:
Low Rise (2-4 stories)
The Garden Manor Apartments is a fully leased 3-storey, 16 suite rental apartment building with underground parking located in East Van. The area surrounding the Property is undergoing a major transformation, attracting a new millennial tenant base, due to the addition of a variety of new craft brewery restaurants, shops, services & a variety of planned developments including; “Ironworks” an office/industrial/retail project on Pandora & Victoria Streets. The Garden Manor has received many recent capitol upgrades including: a full re-pipe, new sliders & windows, updated common areas, exterior paint, landscaping & full complete renovation of 11/16 suites. The offering provides a Cap Rate of 3.27% on the List Price with the ability to increase cash flow & yield by renovating the remaining 5 un-renovated suites & on turnover leasing them at market rents. This corner property also provides future development potential, which could provide for a building up to 6 storeys and a maximum 2.4 FSR.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
16
Year built:
1971 (Age: 47)
Land Use/Zoning:
RM-3A
Taxes:
$10,886.45 / 2017
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by CBRE Limited
Listing information last updated on March 29, 2018 at 06:43 PM (UTC)
NAVA MANSHADI

Nava Manshadi

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