Sold

Home / Apartment buildings / Past sales / Osler Manor – 8678 Osler Street, Vancouver

Sold

Osler Manor

8678 Osler Street, Vancouver

SOLD $1,800,000

Print options

Would you like to print the gallery images?

Yes No

Price$2,050,000

Units15

Storeys3

Year built1959

Lot size66' x 123.2'

ZoningRM-3A

Price/unit$136,667

Cap rate3.6%

GIM16.6

PID013-440-501

Legal descriptionLot 24 of lots 1-5, Blks 1-6 & 12 of Blk C, DL 319, 323 & 324, Plan 2733

Sale price$1,800,000

Sale date01/01/2007

Overview

Osler Manor is a 15 unit low-rise apartment building in great condition located in Marpole. Built in 1959, the property features attractive landscaping, hardwood floors, storage lockers, balconies, parking and a penthouse suite with views. Rents significantly below market average.

Location

The subject property is located in Marpole on the east side of Osler St, 1/2 block south of West 70th Ave. and one block west of Oak St. Easy access to Richmond and YVR. Conveniently situated near shopping on Granville & Oak St. with access to major bus routes (bus line on 70th Avenue and Oak Street).

Improvements

– Beautifully landscaped
– Attractive lobby and entranceway (garden)
– 6 suites have balconies
– 8 rear parking stalls
– Full size lockers for all suites
– Hardwood floors (beautifully restored)
– Annunciator panel in meter room
– Penthouse suite with views
– 1 washer / 1 dryer leased from Engs

Recent Upgrades

– New hot water tank (October 2006)
– New roof, 2-ply (2006)
– Piping 75% replaced
– 3 suites have new windows
– New appliances and lino as required
– Newer intercom

Show less

	No. units
Bachelor P/H	No. units1
One Bedroom	No. units12
Two Bedroom	No. units12

Financials

Financing	Clear title.
Assessment 2006	Land Building Total	Land$856,000 Building$423,000 Total$1,279,000
Taxes 2006	$6,943.14
Income and expenses	Gross income Less Vacancy 1.0% Effective gross Operating expenses Net operating income	Gross income$123,384 Vacancy(1,234) Effective gross$122,150 Operating expenses(49,878) Net operating income$72,272
Notes	Income annualized as of October 2006. For rent roll and income & 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.