| CIVIC ADDRESS | 2026 Franklin Street Vancouver, BC |
| PID | 001-689-510 |
| LEGAL DESCRIPTION | LOT 3, BLOCK 39, PLAN VAP178, DISTRICT LOT 184, GROUP 1, NEW WESTMINSTER LAND DISTRICT |
| YEAR BUILT | 1910 |
| ZONING | RM-3A |
| SITE SIZE | 6039 SF | 49.5 x 122 Ft |
| OCP DESIGNATION | Cedar Cove Residential Core Land Use |
| LAUNDRY | Shared/Coin Operated |
| STABILIZED YEAR 1 NOI | $79,773 |
| PRICE PER UNIT | $286,875 |
| LIST PRICE | $2,295,000 | 3.47% Cap Rate |
Apartment For Sold
Prominently Located Rental Apartment Building
Summary
The Opportunity
The CBRE National Apartment Group – BC is pleased to present the opportunity to acquire 2026 Franklin Street, a boutique 8-suite apartment building in a trendy East Vancouver neighbourhood with significant upside in rents and future redevelopment potential under the Grandview-Woodland Plan.
Investment Highlights
- Boutique 8-unit Apartment building in a trendy East Vancouver neighbourhood.
- Located a block north of E. Hastings Street, tenants are just steps from amenities & services, the Brewery District, a host of family run shops and transit providing convenient access to downtown and throughout Metro Vancouver.
- Low vacancy and strong demand for rentals in the area support the opportunity to grow the rental revenue in the building.
- Grandview-Woodland OCP designation provides future development potential.
Property Photos
Address:
2026 Franklin Street, Vancouver, BC
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