Marpole Apartment Building Sells at $259,000 Per Unit
A 21-unit low-rise apartment building in Marpole has sold for $5,439,000, reflecting $259,000 per unit and a 4.5% capitalization rate. The property at 8665 Osler Street transacted as a share sale in June 2026.
The building is a three-storey wood-frame structure built in 1962, comprising six bachelor units, 11 one-bedroom units, and four two-bedroom units across approximately 19,400 SF of rentable area. The property sits on a 13,811 SF lot with 99 feet of frontage on Osler Street and includes surface and covered parking for 13 vehicles. The building was well-maintained by the vendor, with 19 of 21 suites upgraded and a series of capital improvements completed in recent years including a full re-pipe (2017), new TPO roof (2011), double-glazed windows (2015), and a new IBC boiler for hydronic heat (2023).
The property is located approximately one kilometre from Marine Drive Canada Line SkyTrain Station. A listing brochure is available online.
DETAILS:
- Sale price: $5,439,000
- Price per unit: $259,000
- Cap rate: 4.5%
- Building size: 19,400 SF
- Lot size: 13,811 SF
Casey Weeks and Morgan Iannone represented the Seller in the transaction. Avison Young represented the Buyer.
Own an apartment building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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