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Similar Homes in Marpole
Subject: $3,180,000 · $442/sqft
Subject: $3,180,000 · $442/sqft
$3,180,000
Listed by: Royal Pacific Riverside Realty Ltd. · MLS®
$3,180,000
Current Price
$3,380,000
Listed At · Sep 15, 2025
Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.
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. Gross Income of $161,456. NOI of $125,092 and a Cap Rate of 3.93%.
MLS #
R3047703
Status
Canceled
Type
Residential Income
Sub-type
Other
Style
Other
Ownership
Freehold NonStrata
Zoning
RM3A
Bedrooms
0
Full Baths
0
Half Baths
0
Kitchens
0
Living Area
7,200 sqft
Main Floor
1,800 sqft
Above Main
1,800 sqft
Lot Size
4,940 sqft
Lot Dimensions
50 x 98.8
Frontage
50
Year Built
1996
Age
29 years
Roof
Asphalt, Torch-On
Construction
Frame Wood, Mixed (Exterior), Stucco
Structure
Multi Family
Parking Stalls
8
Parking Type
Carport Multiple, Lane Access
Original Price
$3,380,000
Taxes
$9,059.3/yr
Listed
2025-09-15
MLS Area
Marpole
City
Vancouver
Postal Code
V6P 5A5
Heating
Electric
Laundry
Common Area
Security
Fire Sprinkler System · Smoke Detector(s)
Patio / Porch
Patio · Deck
Interior Features
Elevator
Exterior Features
Balcony
Lot Features
Central Location, Marina Nearby, Recreation Nearby
Water Source
Public
Sewer
Public Sewer, Sanitary Sewer
Utilities
Community, Electricity Connected, Water Connected
Community
Shopping Nearby
Property Disclosure
No
Coordinates: 49.206638, -123.140195 · Map data © Google
Listed by Royal Pacific Realty Corp.
Source: City of Vancouver Open Data
No permits found for this address in the open data registry.
