Well-maintained 10-unit multifamily building in the heart of Marpole. Built in 1996 on a 4,940 sq ft lot at Granville & 71st, this 4-level property with elevator features 8 parking stalls and recent roof upgrades. The building includes one bachelor suite and nine spacious one-bedroom units ranging from 380 sq ft to 480 sq ft, each with its own hot water tank. Tenants pay their own hydro, ensuring low maintenance costs. Generates approximately $160,000 annual gross income with long-term stable tenants. Zoned RM-3A under the Marpole Community Plan, offering excellent holding income and future redevelopment potential with increased density options (verify with City). Minutes to YVR Airport, Hwy 91, and Downtown Vancouver. Don’t miss this rare chance to own a revenue-generating property.
Address
8732 Granville Street
List Price
$3,380,000
Property Type
Residential Income
Type of Dwelling
Other
Style of Home
Other
Structure Type
Multi Family
Transaction Type
Sale
Area
Vancouver West
Sub-Area
Marpole
Floor Area
7,200 Sq. Ft.
Main Floor Area
1800
Lot Size
4940 Sq. Ft.
Lot Size Dimensions
50 x 98.8
Lot Size (Acres)
0.11 Ac.
Lot Features
Central Location, Marina Nearby, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
7200
Frontage Length
50
Year Built
1996
MLS® Number
R3047703
Listing Brokerage
Royal Pacific Riverside Realty Ltd.
Basement Area
None
Postal Code
V6P 5A5
Zoning
RM3A
Ownership
Freehold NonStrata
Parking
Carport Multiple, Lane Access
Parking Places (Total)
8
Tax Amount
$9,059.30
Tax Year
2025
Site Influences
Balcony, Central Location, Marina Nearby, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony
Interior Features
Elevator
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Electric
Carport
Yes
Laundry Features
Common Area
Number Of Floors In Property
4
Security Features
Fire Sprinkler System, Smoke Detector(s)