Walnut Court is a 26-suite three-storey (plus penthouse) rental apartment building located in Vancouver’s Marpole neighbourhood and situated directly across from Ebisu Park. Constructed in 1964, the property is improved on a large 17,076 SF corner lot and features a suite mix of 5 over-sized bachelors, 16 one-bedrooms and 5 two-bedrooms. The building offers balconies or patio decks, storage lockers for all tenants, two sets of washers/dryers, bike room/workshop and surface parking for 19 cars in the rear.
The property has undergone some updates over the years such as hot water tank (2017), boiler (2011); piping replacement for main lines (2019) and torch-on roof (2019).
The subject is located on the northeast corner of Selkirk Street and West 72nd Avenue in Marpole. Only two blocks west of Oak street and close to the new rapid transit “Marine Drive Station” Canada Line, linking Richmond and the airport with Vancouver and various highways connecting to the US and Fraser Valley. Conveniently situated near shopping and retail amenities on Granville and Cambie Street with access to major bus routes (bus lines on 70th and Oak, as well as Oak and SW Marine Drive).
|No. units||Average rent|
|Bachelor||No. units5||Average rent$846|
|1 bedroom||No. units16||Average rent$999|
|2 bedroom||No. units4||Average rent 1,289|
|2 bedroom penthouse||No. units1||Average rent$1,260|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
|Notes||For current rent roll and expense statement, click here.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.