New property listed in Marpole, Vancouver West
I have listed a new property at 8740 SELKIRK ST in Vancouver.
Marburn Manor, Investors / Developers ALERT!! Same family owned since 1960s. Tip top Shape. 27 units, 6 studio, 17x1B, 4x2B, 2/3 of the suites has been updated within the last 10 years with newer kitchens and baths. Common areas updated and is well kept. Great steady tenants, rarely has vacancies. Excellent Multi-family class asset. Seldom available in such a prime west side private and quiet location. Next door 87xx Selkirk possibly could be made available if desire, when combined, it will be a 34,000sf condo development site RM3A zoning, FSR could be higher if rezone to CD-1, like 13xx W70th Ave with 2.38 FSR. Enquire with City of Vancouver for further details. Hold it for future development use at $250K Net Operating Income with professional property management, no headache investment, Act fast! Seller reserves the right to refuse any & all offers and commission paid only on successful completion.
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