Despite fire, Marpole walk-up rental building sells for $5.3 million

Damaged by a 2019 fire, the 19-unit multi-family building on a .33-acre site on S.W. Marine Drive in Vancouver has development potential with a 2.5 FSR.

By
Gammon International Real Estate Corp. / Vancouver / for Western Investor
September 2, 2020





Marpole 815 Marine Drive, Gammon
— Gammon International Real Estate Corp.,Vancouver, for Western Investor

Property type:Multi-family rental

Location:815 S.W. Marine Drive, Vancouver

Number of units:19

Number of storeys:3

Size of property:21,000 square feet

Size of land:14,518 square feet

Land in acres:0.33 acres

Zoning:RM-3A

Floor-space-ratio:2.5 FSR (six storeys)

List price: $6.5 million

Sale price:$5.37 million

Date of sale:August 31, 2020

Brokerage company:Gammon International Real Estate Corp., Vancouver

Brokers:Stanley Chiu and Howard Mak

 


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