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Nine-suite Marpole walk-up rental sells for $3.1 million

71-year-old southwest Vancouver apartment building is prime for a rental rate increase and /or potential redevelopment
CBRE National Apartment Group, Vancouver, for Western Investor

Property type: Multi-family rental

Location: 1235 West 70th Avenue, Vancouver

Number of units: 9

Year built: 1952

Lot size: 7,761 square feet

Potential: Marpole OCP supports redevelopment up to 6-storeys and 2 FSR.

Price: $3.1 million

Brokerage: CBRE National Apartment Group, Vancouver

Brokers: Greg Ambrose and Lance Coulson.