The Coachman

8741 Montcalm Street, Vancouver

$5,000,000

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Price $5,000,000

Property type Apartment building

Units 21

Storeys 3 + penthouse

Year built 1963

Lot size 13,997 SF (100’ x 140’)

Zoning RM-3A

Price per unit $238,095

Cap rate 4.0%

Gross income multiplier 15.6

Parking 17 stalls: 8 covered & 9 surface

PID 011-857-234, 011-857-242

Legal description Lot 3 Block 10 District Lot 318 Plan 1749

Overview

The Coachman is an exceptionally well-maintained and updated 21-suite, three-storey (plus penthouse) apartment building, centrally located in the heart of Vancouver’s Marpole neighbourhood.

Constructed in 1963 on a 100′ x 140′ (13,997 SF) RM-3A zoned lot, the building comprises 13 one-bedroom and 8 two-bedroom units. Additional highlights include balconies, a management office, two sets of owned washers and dryers, 20 tenant storage lockers, and 17 surface parking stalls, 8 of which are covered.

A number of capital upgrades have recently been completed, including a new intercom and security camera system, Telus fibre optic service throughout the building, electrical breakers, new double-paned windows (2021), upgraded piping (2021), and a new hot water tank (2016).

Buyer has the option to purchase shares of the company holding title to save on Property Transfer Tax (PTT).

Location

The Coachman is positioned on the northwest corner of Montcalm Street and West 72nd Avenue in Vancouver’s Marpole neighbourhood. The property offers convenient access across the city and is just a short drive to Vancouver International Airport (YVR), as well as key arterial routes connecting to the broader region.

This walkable neighbourhood continues to evolve into a modern, transit-oriented community, providing residents with easy access to local restaurants, retail, and everyday amenities. The property is also located a short distance from the rapidly growing Marine Gateway area, where expanding retail, office, and industrial development is transforming the neighbourhood into a major employment and economic hub.

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	No. units	Average size	Average rent
One bedroom	No. units13	Average rent $1,234
Two bedroom	No. units8	Average rent $1,342

Financials

Financing	Treat as clear title.
Assessment 2026	Land Building Total	Land$3,928,000 Building$1,696,000 Total$5,624,000
Taxes 2025	$19,295
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$324,300 Vacancy(3,243) Effective gross$321,057 Operating expenses(123,384) Net operating income$197,673
Notes	Please contact listing agent for more information

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