18-Unit Multifamily Property in Vancouver’s Eastside | $5.2M Transaction

Property Overview

The property is a well-maintained 18-unit multifamily building situated in Vancouver’s desirable Eastside neighborhood. It offers stable rental income and long-term development potential, appealing to both investors seeking cash flow and those targeting future redevelopment opportunities.

Neighborhood Benefits

Located in a vibrant community, 2115 Triumph Street offers residents convenient access to shopping, dining, parks, and public transit. The Eastside neighborhood has experienced increasing demand from tenants and investors alike due to its central location and strong rental market.

Client Relationship and Market Strategy

Sam and his team implemented a strategic marketing approach to target a diverse pool of qualified buyers, including local, national, and international investors. By preparing a detailed marketing package, showcasing the property’s current income potential, and emphasizing future development opportunities, they generated considerable interest. Private tours were carefully coordinated to minimize tenant disruptions while ensuring prospective buyers could fully evaluate the investment opportunity.

Market Insights

The property’s appeal was strengthened by Vancouver’s strong rental market and the site’s redevelopment potential. By effectively communicating these attributes, Sam and his team successfully positioned the property as a compelling investment opportunity for a wide range of buyers.

Conclusion

Through diligent marketing efforts and effective negotiation, Sam and his team secured a strong offer that met the seller’s expectations. The successful sale of this 18-unit multifamily property underscores Sam’s ability to deliver exceptional results in competitive market conditions.