8725 Oak Street
Vancouver, British Columbia
Building
Stats
- Property Type Land - Multifamily
- Size (Ac) 0.4
- Price $6,950,000 CAD
Overview
The Avison Young Multi-Family Team is proud to present the
opportunity to acquire a rental development site in the wellestablished Marpole neighbourhood of South Vancouver. The property is improved with a three-storey apartment building consisting of 29 residential units, providing strong holding income in the interim.
Highlights
Large 17,438-sf residential development site with
no assembly required
Corner site with good configuration to maximize
redevelopment
Marpole Community Plan designation allows for
rental apartment uses up to 6 storeys at a 2.50
FSR resulting in a potential gross buildable area
of 43,595 sf
Only 279 rental units under construction in 2022
(as per CMHC)
New rental development rents range from $4.24 -
$5.28 per sf for Vancouver West (Source: NHS Live)
