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For Sale

 Penrhyn Lodge

  • $5,280,000

Salient Details

  • Units 20
  • Suite Mix 6-Micro, 5-Bachelor, 8-1 Bed, 1-2 Bed
  • Lot Size 6,250 sf (50’ x 125’)
  • Net Rentable sf 8,364 sf
  • Year Built 1912
  • Net Income $258,442
  • Cap Rate 4.89%

 Penrhyn Lodge

Historic one-of-a-kind multifamily property in the heart of Vancouver’s coveted South Granville neighbourhood.
1696 West 11th Avenue - Brochure
Download the Brochure
McEvay Blair Multifamily Group -  Penrhyn Lodge - 1 1696 W 11th Avenue Vancouver 67

Investment Highlights

Timeless Character & Irreplaceable Location
Penryhn Lodge is a one-of-a-kind asset with an irreplaceable location offering investors a quintessential piece of Vancouver’s real estate history.
Diversified Suite Mix
With a melange of self-contained one, two, and bachelor style suites, along with micro units that share communal washrooms, the Property offers an eclectic range of rentals that appeal to a diverse tenant base.
Secure & Stable Cashflow
‘Cash-cow’ with approximately 8,364 square feet of rentable space averaging $3.56/ sf. Continued revenue growth projected of approximately 11.5% upside upon tenant turnover.
Future Redevelopment Potential
Strategic corner lot designated for higher density under the Broadway Plan.

Gallery

Contact us

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

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