2026 Franklin Street | Multi-Family Investment/Redevelopment

Multi-Family for Sale
Catylist Listing ID: 30519171
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $437,500 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/21/2019

Overview / Comments

The subject property is strategically located near the corner of Semlin Drive and Franklin Street in the Cedar Cove area, in the heart of East Vancouver’s trendy Grandview Woodland community. The subject property is situated just minutes from downtown Vancouver and located directly across from the flagship Ironworks development by Conwest, which set to complete mid 2019. This vibrant area is in the midst of significant growth with recent acquisitions by Cressey, Anthem Properties and Mosaic, set to drive significant residential development in the immediate area.

Opportunity
The subject property is improved with a 2 storey plus basement multi-family building comprising 8 one-bedroom units. Each of the units are separately metered for electricity, with surface parking stalls at the rear of the property. The existing zoning policy allows for building height of 6 storeys, with up to a 2.40 FSR in density, for a secured market rental housing project.

Attachments & Media

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 011-689-510

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Contact

Photograph of Listing Agent

Robert Tham

Corbel Commercial Inc. Commercial First Member
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