Marpole rental building sold for $380K per suite

Hudson Apartments sold for a total of $3.8M, with a capitalization rate of 2.7 per cent

for Western Investor
November 29, 2017

hudson apartments
A 10-suite rental apartment in Vancouver’s Marpole neighbourhood has sold for $3.8 million, according to The Goodman Report team at HQ Commercial. 
Hudson Apartments was built in 1996, with a net rentable area of 5,013 square feet. The property consists of one-bedroom suites with an average square footage of 501 square feet, with an average rent of $1,091. The property has a 2.7 per cent capitalization rate. The site sold for slightly over its assessed value, at $380,000 per suite.
The property is located at 8638 Hudson Ave., Vancouver. 


Price: $3,800,000
No. of Units: 10
Price/Unit: $380,000
Lot Size: 5,400 SF
Property Type: Multi-family 
Zoning: RM-3A
2016 B.C. Assessment Value: $3,523,000
City: Vancouver 
Province: B.C. 
Name of Brokerage: HQ Commercial 

Mark Goodman is part of the Goodman team at HQ Commercial, Vancouver and a specialist in the multi-family rental market in Metro Vancouver.

HQ Commercial
320 – 1385 W 8th Ave.
Vancouver, B.C. V6H 3V9
Office: 604-899-1122

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