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Just Listed: Exclusive 11-Unit Multi-Family Offering on 1014 W 11th Avenue in Vancouver
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(Posted on Aug 26, 2016 at 03:52PM by Michelle Bogle)
Marcus & Millichap Vancouver is proud to present this rare investment opportunity to secure one of the city’s most prized assets – a recently completed 11-unit multi-family building located in one of Vancouver’s most desirable neighbourhoods.
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Known as the Muir House, this brand new building features premier construction materials and luxury finishes throughout, driving record-setting rents for the area. Located next door to Vancouver General Hospital, law offices and highly regarded service-based businesses, this listing draws from the city’s strongest tenant pool, which has resulted in a hand-picked selection of doctors and lawyers for the building’s rent roll.Â
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In terms of investment potential, the Muir House is one of Vancouver's safest assets, which drives nearly a quarter of a million dollars in net operating income annually. It also requires almost zero maintenance, thanks to its brand new construction and thoughtful design.
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The location of Muir House is also unbeatable! It is just minutes away from several major transit hubs, Queen Elizabeth Park, waterfront Olympic Village, Broadway's international cuisine, Charleson Park, world-renowned Granville Island, Kitsilano's beaches and the downtown core. The proposed Oak Street Rapid Transit Skytrain Station is also within close proximity.
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The future is proving to be very bright for this property. It’s a must-see for any investor looking for a solid multi-family asset in a highly regarded Vancouver neighbourhood.Â
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For full listing details, please click here.
Interested parties are also encouraged to book a private showing by contacting our Multi-Family Specialist, Charlie Hughes, in our Vancouver office at 604-675-5259. But, hurry – this property will not last!
Interested parties are also encouraged to book a private showing by contacting our Multi-Family Specialist, Charlie Hughes, in our Vancouver office at 604-675-5259. But, hurry – this property will not last!
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