9 bed
9 bath
6,216 sqft
Other
Built in 1965
6,100 sqft lot
5 parking
Freehold NonStrata
RT-5 zone
Public remarks
Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Private remarks
The info while deemed correct is not guaranteed, Buyers to verify if important. Floor plans measured by Archiplano. Pls add team disclosure & MLD to offers, ask Realtor for associated docs. Fully tenanted. Cap rate 4.1%. Cross posted C8069185.
Buyer agency compensation
3.255% on the 1st $10k & 1.1625% on the balance
$4,300,000 ($691/sqft)
Active
Listed
05/13/2025
Expiry date
Original price
Gross taxes (2024)
$9,971.81
Property transfer tax
$133,000.00
Last Updated: 05/14/2025 06:00 PM
Courtesy of Stilhavn Real Estate Services
Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
---|---|---|---|---|---|---|---|---|
1923 Parker Street | R3002573 | 05/14/2025 06:00 PM | 05/13/2025 | Active | $4,300,000 | Login to view | Corey Martin PREC* | Stilhavn Real Estate Services |