Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Address
1923 Parker Street
List Price
$4,150,000
Property Type
Residential Income
Type of Dwelling
Other
Style of Home
3 Storey
Structure Type
Multi Family
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Grandview Woodland
Bedrooms
9
Bathrooms
9
Floor Area
6,216 Sq. Ft.
Main Floor Area
2072
Lot Size
6100 Sq. Ft.
Lot Size Dimensions
50 x 122
Lot Size (Acres)
0.14 Ac.
Lot Size Units
Square Feet
Total Building Area
6216
Frontage Length
50
Year Built
1965
MLS® Number
R3060359
Listing Brokerage
Stilhavn Real Estate Services
Basement Area
None
Postal Code
V5L 2L2
Zoning
RT-5
Ownership
Freehold NonStrata
Parking
Open, Rear Access
Parking Places (Total)
5
Tax Amount
$11,443.00
Tax Year
2025
Site Influences
Balcony
Exterior Features
Balcony
Interior Features
Storage
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Hot Water
Laundry Features
In Unit
Levels
Three Or More
Number Of Floors In Property
3
Security Features
No Fire Sprinkler System, Smoke Detector(s)
View
Yes
View Type
Mountain
Subdivision Name
The Drive