NEW PRICE | Multi-Family Investment/Redevelopment

Multi-Family for Sale
Catylist Listing ID: 30519147
Property Subtypes: Low-Rise/Garden
Number of Units: 52 Units
Building Size (RSF): 21,350 SF
Gross Building Area: See Agent
Sale Price: $6,498,000
Unit Price: $124,961.54 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 8/10/2020

Overview / Comments

The Laurel Apartments is a well-maintained character asset located in a coveted Railtown location minutes from Chinatown, Gastown and the downtown core. The building features an attractive brick facade, spacious hallways with unique tile accents, skylights, a charming interior courtyard, and character details throughout. 610 Alexander Street comprises 52 micro-units (SRA)*, finished with a mix of laminate and linoleum flooring. Several units have been recently renovated, and all units include a personal sink while several feature a refrigerator, stove, and in-suite storage. The three-story building has 9 common washrooms including three showers and two bathtubs for shared tenant use, and two units contain private washrooms. Additionally, the building is equipped with a camera monitoring system and recently updated roof. There are multiple ways to add value and increase future rental revenue - please contact us for further details .

Attachments & Media

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 015-598-136
Zoning: DEOD
Year Built: 1912
Legal Description: LT 3 BLK 43 DL 196 PL 196

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Photograph of Listing Agent

Robert Tham

Corbel Commercial Inc. Commercial First Member
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