Marcus and Millichap is pleased to present investors the opportunity to purchase a well-appointed 13-unit stratified apartment building in the heart of the Commercial Drive Neighbourhood. The Property is ideally situated within walking distance to all amenities in the area and the Commercial-Broadway SkyTrain Station, which provides short train access to Downtown Vancouver and other MetroVancouver municipalities.
The building features an intercom system for direct access and ventilated hallways throughout. There is one laundry room with 2 sets of washers and dryers (leased from Coinamatic) and multiple storage rooms throughout the building. The basement level features a full concrete underground parkade with secured access and 14 vehicle stalls. This level also features a large storage locker room with 13 storage lockers, none of which are currently being utilized, offering a new owner to rent these lockers to tenants for further income.
The building is serviced by a main domestic hot water tank that supplies hot water to the units. Units are individually metered with their own breaker panel and tenants are responsible for their own heating costs. Many of the units have been upgraded with new flooring and paint, and all feature open floor-plans with spacious living rooms and an abundance of light. New double-glazed windows and patio doors were recently installed adding to the aesthetics of the property and improving efficiencies. The torch-on roof was replaced about 10 years ago and a new garage door was recently installed.
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