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- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8070283
- Build. Type:
- Mul Tenant/MultiPlex (5+)
- Photos (10)
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Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. Located in the heart of the Marpole region, just steps from Granville Street, this building has significant upside on tenant turnover, and is poised for future redevelopment as the neighbourhood grows. Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Name of Complex/Subdivision:
- Park Avon Apartments
- Num Storeys:
- 3
- Building Type:
- Mul Tenant/MultiPlex (5+)
- # Bldgs:
- 1
- # Units Total:
- 10
- # Other Units:
- 10
- # of Apartments:
- 10
- # of 1 Bedroom Apartments:
- 9
- # of 3 Bedroom Apartments:
- 1
- Year built:
- 1958 (Age: 67)
- Living Area:
- 11,238 sq. ft.
- Subject Property Depth:
- 140'
- Subject Property Width:
- 50'
- Lot Area:
- 6,969.6 sq. ft.
- Zoning:
- Signup
- Potential to Redevelop:
- PLEASE REFER TO OCP, No
- Fencing:
- Signup
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Road Surface:
- Paved
- Heating:
- Signup
- Electricity:
- Yes
- Services Connected:
- Cable Connected, Electricity Connected, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
- Sewer:
- Public Sewer
- Parcel Number:
- 014348322
- Taxes:
- $9,168.14 / 2025
- Laundry Facility, Washrooms Female/Male
- No
- Security System
- Yes
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- PLEASE REFER TO OCP, No
- Env Assmt Phase:
- No
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Rear view of property featuring stucco siding -
View of property
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Entryway with stairs and light tile patterned flooring
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View of community sign
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Bedroom with dark wood finished floors and baseboard heating
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Washroom featuring washer and clothes dryer and light flooring
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Empty room with baseboard heating, a chandelier, and dark wood finished floors
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Unfurnished room featuring a baseboard radiator, a chandelier, and dark wood-type flooring
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Hall featuring concrete flooring
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Kitchen featuring stainless steel microwave, electric stove, white cabinetry, decorative backsplash, and wood finished floors
Listed by Royal LePage Sussex
Data was last updated July 4, 2025 at 08:40 PM (UTC)
- Eric Lin
- RE/MAX Westcoast
- +1 (604) 218-6188
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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