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Marpole apartment building

8757 Cartier Street, Vancouver

$3,150,000

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Price $3,150,000

Property type Apartment building

Units 13

Storeys 3

Year built 1960

Lot size 7,000 SF (50’ x 140’)

Zoning RM-3A

Price per unit $242,308

Cap rate 4.2%

Gross income multiplier 15

Parking 4 surface stalls

PID 014-348-306

Legal description Lot 3 Block 11 District Lot 318 Plan 1749

Overview

The subject property is a well-maintained 13-suite, three-storey walk-up apartment building in the heart of Vancouver’s Marpole neighbourhood.

Constructed in 1960 on a 50′ × 140′ (7,000 SF) RM-3A zoned lot, the building comprises four bachelor suites, eight one-bedroom suites, and one two-bedroom suite. Additional features include balconies in four suites, one leased washer-and-dryer set, 12 full-size tenant storage lockers, and four surface parking stalls.

Capital upgrades completed over the years include updated flooring and kitchens in select suites, circuit breakers in all suites, exterior siding replacement (2025), piping upgrades as required, and a newer hot water tank (2021).

Location

The property is located on the northwest side of Cartier Street and West 72nd Avenue in Vancouver’s Marpole neighbourhood. It offers convenient access across the city, a short drive to Vancouver International Airport (YVR), and nearby arterial routes connecting to the broader region.

This walkable neighbourhood continues to evolve as a modern, transit-oriented community, with local restaurants, retail, and everyday amenities close at hand. The property is also a short distance from the rapidly growing Marine Gateway area, where expanding retail, office, and mixed-use development is establishing a major employment and economic hub.

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	No. units	Average size
Bachelor	No. units4	Average rent$1,107
One bedroom	No. units8	Average rent$1,458
Two bedroom	No. units1	Average rent$1,406

Financials

Financing	Treat as clear title
Assessment 2026	Land Building Total	Land$1,806,000 Building$1,241,000 Total$3,047,000
Taxes 2026	$10,562
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$212,242 Vacancy(2,122) Effective gross$210,119 Operating expenses(78,171) Net operating income$131,948
Notes	For a rent roll and expense statement, please contact listing agent.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.