230 W 10th Ave, Vancouver, BC V5Y, Canada
Under contract $9,850,000 - Apartment Building

Information Package

Location – SkyTrain Alert!

Rated “Walker’s Paradise” by walkscore.com, this pocket of residential land sits in the charming and culturally-rich Mount Pleasant neighbourhood and provides immediate access to the Canada Line SkyTrain Station. With nearby shops and restaurants, direct transit to the downtown core in under 10 minutes, and a short distance to the Vancouver General Hospital, tenants satisfy all their needs within the comforts of a quiet residential neighbourhood. Within 400 meters is the existing Broadway City-Hall SkyTrain Station providing residences with direct route to downtown via the Canada Line. The Broadway Expansion project has proposed an additional station to be built kitty corner to the current station at Cambie and Broadway. This would create immediate access to taking VCC-Clark and the Eastbound lines. In some instances, before a new SkyTrain Station is implemented the city will implement a new Official Community Plan boosting density around the new station in order to fund the construction via DCC’s and CAC’s.

Building Description

The building is a three-storey walk-up apartment building. Each suite has been updated as needed upon tenant turnover with the installation of a new roof approximately 10 years ago. All units are spacious and well laid out with extra closets, functional kitchens, and efficient floor plans. The building is heated by a hot water heating system with a central boiler and there is a clean phase one environmental available.

Property Details
Number of units 19
Lot size 12,406 square feet
Year Built 1967
Cap Rate 1.97%
Net operating income (annualized) $194,023
Current Zoning RM-4

Suite Mix
Bachelor/Studio 6 units
One-Bedroom 12 units
Two-Bedroom 1 unit
Total 19 units

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