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Malibou Apartments

  • $4,950,000

Salient Details

  • Units 19
  • Lot Size 8,712 sf
  • Year Built 1959
  • Net Income $207,800
  • Cap Rate 4.20%

Malibou Apartments

Downtown New Westminster apartment building located just a 6-minute walk from the Columbia Skytrain Station
1-214 Agnes Street
Download the Brochure
McEvay Blair Multifamily Group - Malibou Apartments - 1 214 Agnes Street

Investment Highlights

Prime Downtown New Westminster Location
Situated at 214 Agnes Street, Malibou Apartments benefits from a highly walkable location just a 6-minute walk to Columbia SkyTrain Station, providing residents with convenient access to Downtown Vancouver, Surrey, and the broader Metro Vancouver region.
Well-Maintained Asset with Significant Capital Improvements
Originally constructed in 1959, the property has been meticulously maintained by previous ownership, with several substantial capital projects completed, reducing near-term capital expenditure requirements and supporting long-term asset performance.
Strata-Titled Multifamily Investment Opportunity
The building's strata-titled structure offers investors enhanced flexibility and potential future value creation opportunities, while providing stable income from a well-located apartment asset in one of Metro Vancouver's established rental markets.

Gallery

Contact us

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick