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8656 MONTCALM Street
Marpole Vancouver V6P 4P8

$4,100,000
Multi-Family Commercial

Main Photo: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 1: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 2: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 3: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 4: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 5: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 6: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 7: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 8: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 9: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Photo 10: 8656 MONTCALM Street in Vancouver: Marpole Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8037960
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8037960
Build. Type:
Low Rise (2-4 stories)
The Grove is a super clean maintenance free 3 storey wood frame building with 11 suites (7 one beds, 3 two beds and 1 bachelor). The property has undergone substantial renovations both exterior and interior. The roof has been replaced with a 3 ply torched on membrane and the exterior fully painted. The building boasts a high efficiency IBC heating systems to reduce utility bills, the common area has new carpet and paint and the lobby has environmentally friendly bamboo hardwood flooring. The building owns its own coin laundry appliances. All suites have been improved with new paint and refinished hardwood floors and new bathrooms. Two of the larger suites have recently had brand new condo quality kitchens installed. Zero vacancy, low occupant load, quiet working professional tenants. Very well cared for building that needs little management. 3%+ Cap rate.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
11
# Storeys:
3.0
Year built:
1960 (Age: 61)
Land Use/Zoning:
RM-3A
Taxes:
$10,356.08 / 2020
HVAC:
Radiant
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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Listed by Magsen Realty Inc.
Data was last updated May 11, 2021 at 01:05 AM (UTC)
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