CBRE National Apartment Group – BC presents 2178 Triumph Street, a 35 suite, multifamily property that provides a compelling value-add investment opportunity. The property delivers strong in-place cash flow supported by an attractive initial cap rate. Nearly half of the suites have been renovated, enhancing both tenant appeal and potential rental upside.
Located on over an 18,000 SF lot, with close to 150 feet of frontage, the property has redevelopment potential under the Grandview-Woodland Community Plan of up to 6 stories.
The property also offers exceptional walkability and is ideally located steps from some of the city’s best restaurants, cafés, and boutique shopping. It is also situated within the East Hastings transit corridor, providing easy access to multiple bus routes, with direct connections to Downtown Vancouver and the surrounding areas.