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. Don’t miss this rare chance to own a revenue-generating property.
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
Other
Ownership:
Freehold NonStrata
Year built:
1996
(Age: 29)
Living Area:
7,200 sq. ft.669 m2
Floor Area - Unfinished:
0 sq. ft.0 m2
Building Area - Total:
7,200 sq. ft.669 m2
Bedrooms:
0
(Above Grd: 0)
Bathrooms:
0.0
(Full:0/Half:0)
Kitchens:
0
Rooms:
1
Taxes:
$9,059.3 /
2025
Lot Area:
4,940 sq. ft.459 m2
Lot Frontage:
50'15.2 m
Lot Details:
50 x 98.8
Rear Yard Exposure:
East
Outdoor Area:
Balcony
Water Supply:
Public
Plan:
LMP15598
Construction Materials:
Frame Wood, Mixed (Exterior), Stucco
Foundation:
Concrete Perimeter
Basement:
None
Property Condition:
Renovation Partly
Roof:
Asphalt, Torch-On
No. Floor Levels:
4.0
Floor Area Fin - Above Grade:
5,400 sq. ft.502 m2
Floor Area Fin - Above Main:
1,800 sq. ft.167 m2
Floor Area Fin - Above Main 2:
1,800 sq. ft.167 m2
Floor Area Fin - Main:
1,800 sq. ft.167 m2
Floor Area Fin - Below Main:
1,800 sq. ft.167 m2
Floor Area Fin - Below Grade:
0 sq. ft.0 m2
Floor Area Fin - Basement:
0 sq. ft.0 m2
Floor Area Fin - Total:
7,200 sq. ft.669 m2
Heating:
Electric
Patio And Porch Features:
Patio, Deck
Parking Features:
Carport Multiple, Lane Access
Parking:
Carport Multiple
# Of Parking Spaces - Total:
8
# Of Covered Spaces:
8.0
Parking Total/Covered:
8 / 8
Suite:
Legal Suite
Elevator
Balcony
Central Location, Marina Nearby, Recreation Nearby, Shopping Nearby
Laundry In Common Area, Elevator
Shopping Nearby
Fire Sprinkler System, Smoke Detector(s)
Fire Sprinkler System, Smoke Detector(s)
Laundry In Common Area, Elevator
Common Area
LOT A, BLOCK 12, PLAN LMP15598, DISTRICT LOT 318, NEW WESTMINSTER LAND DISTRICT
Floor
Type
Size
Other
Main
Foyer
10'3.05 m × 10'3.05 m
-
Age Restrictions:
No
By-Law Infractions:
N
GST Included:
Yes
Tax Utilities Included:
false
Property Disclosure:
No
Fixtures Leased:
No
# Units Total:
10
# Bachelor Units:
1
# 1Bdrm Units:
9
Home Owners Association:
No
Original Price:
$3,380,000
Land Lease:
No
Zoning:
RM3A
Utilities:
Community, Electricity Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer
View of property
View of building exterior
Aerial overview of property's location featuring property boundaries highlighted
Property entrance featuring stucco siding
Photo 5 of 11
Hall with mail area and light tile patterned floors
Data was last updated September 20, 2025 at 01:40 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$980,100
Min list price:
$720,300
Max list price:
$3,473,400
Avg days on market:
258
Min days on market:
224
Max days on market:
1,491
Avg price per sq.ft.:
$1,147.27
These statistics are generated based on the current listing's property type
and located in
Marpole. Average values are
derived using median calculations. This data is not produced by the MLS® system.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.