Multifamily Investment Opportunity in Vancouver’s Shaughnessy Neighborhood | $5.25M Transaction

Successful Sale of Multifamily Property in Vancouver’s Shaughnessy Neighborhood

Case Study: Navigating Market Demand for a Premium Multifamily Sale

On March 28, 2022, Sam Emam and his team successfully completed the sale of 3623 Oak Street, Vancouver, for $5,250,000. Their ability to position the property effectively, attract the right buyers, and execute a seamless transaction resulted in a successful outcome for the seller.

Transaction Details

  • Sale Price: $5,250,000
  • Sale Date: March 28, 2022
  • Property Type: Multifamily Rental Building
  • Building Size: 11 Units
  • Zoning: RM-3A
  • Year Built: 1928

Property Overview

Located in Vancouver’s prestigious Shaughnessy neighborhood, this three-storey multifamily rental building provided an excellent opportunity for investors looking for stable rental income and long-term appreciation potential. The property’s central location on Oak Street positioned it near major transit routes, retail amenities, and community services, making it highly attractive to both tenants and investors.

Neighborhood Benefits

Shaughnessy is one of Vancouver’s most desirable and historically significant neighborhoods, known for its tree-lined streets, luxury homes, and close proximity to key amenities. The property was situated just minutes from Douglas Park Community Centre, Vancouver General Hospital, and major transit routes, offering tenants a highly convenient and walkable living environment. The neighborhood’s strong rental demand and limited supply of multifamily buildings made this an exceptional investment opportunity.

Client Relationship and Market Strategy

The owner of 3623 Oak Street was looking to simplify their multifamily portfolio and sought a well-executed sales process that would ensure a strong market price while minimizing disruptions to existing tenants. Recognizing the need for a precise and effective approach, Sam and his team developed a tailored marketing strategy to position the property as a premium multifamily investment in Vancouver’s Shaughnessy neighborhood.

The first step involved preparing a comprehensive due diligence package, ensuring all necessary financials, building reports, and tenancy details were readily available to potential buyers. The team then crafted a high-impact marketing campaign that leveraged direct investor outreach, digital advertising, and exposure on leading commercial real estate platforms. By emphasizing the property’s strong rental income, prime location, and investment potential, they were able to generate significant interest from qualified investors.

Throughout the process, Sam and his team maintained clear communication with the seller, providing regular updates and expert guidance on buyer engagement. They carefully coordinated property tours with caretakers to ensure minimal disruption to tenants while allowing serious buyers to evaluate the building firsthand. Their negotiation expertise led to a competitive bidding environment, resulting in a successful sale that met the seller’s price and timeline expectations.

 

Market Insights

Vancouver’s Shaughnessy neighborhood continues to be a highly sought-after area for multifamily investments, given its low vacancy rates, strong rental demand, and prime location. Investors looking for properties with long-term appreciation potential and stable cash flow continue to compete for well-located assets in this market. The sale of 3627 Oak Street reaffirmed the ongoing demand for multifamily rental buildings in Vancouver’s core neighborhoods.

Conclusion

The successful sale of 3627 Oak Street highlights Sam Emam and his team’s expertise in positioning multifamily properties for maximum exposure and securing strong results in a competitive market. Through effective marketing, strategic buyer engagement, and expert negotiation, they ensured a seamless transaction that met the seller’s objectives.

Testimonial

“Sam has been handling our family’s transactions for the past 8 years. We found Sam Emam to be a trusted investment sales advisor. Sam handled all the moving parts of each deal for our family like a true professional and with a great attitude. We highly recommend dealing with Sam if you’re thinking of selling or buying multifamily buildings or development sites.”

– Steve Silva Current owner of 3623 Oak Street, Vancouver

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