1504 56 ST, Delta, BC V4L 2A8
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1504 56 ST, Delta, BC V4L 2A8
1504 56 ST, Delta, BC V4L 2A8
1504 56 ST, Delta, BC V4L 2A8
1504 56 ST, Delta, BC V4L 2A8
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Huna Yoo

Huna Yoo

+1(778) 322-6647
$ 6,950,000
Est. payment /mo
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1504 56 ST Delta, BC V4L 2A8

0.51 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type Asset

MLS Listing ID C8070823

Year Built 1985

Lot Size 0.510 Acres

Property Sub-Type Multi Family

Property Description

Greensview Apartments is a well-maintained 24-suite, three-storey rental apartment building located in the heart of Tsawwassen, one of Delta's most established communities. Built in 1985 on a 22,200 SF lot, the building features a mix of one- and two-bedroom suites, tenant storage, and secured parking. Offered at a 3.75% cap rate and approximately $289,580 per door, the property provides strong in-place income with 2025 net income projected to rise 11.4% following 4.6% growth in 2024 — a 16.5% increase over two years. With several suites currently below market, there is clear rental upside through tenant turnover. The property is designated Neighbourhood Centres & Corridors in Delta's 2024 OCP, allowing for consideration of future redevelopment up to 6 storeys.

Location

Province BC

Community Beach Grove

Area Tsawwassen

Zoning RA112

Interior

Heating Baseboard, Make-Up Air

Cooling Make-Up Air

Appliance Common Water Heater, Freezer

Exterior

Fence Fenced

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

Roof Type Torch On

Total Parking Spaces 37

Building

Story 3

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water Public

Others

Restrictions None Known

Ownership Freehold

Security Features Secured Garage/Parking

REBGV/FVREB/Chilliwack (Commercial IDX)
Huna Yoo
Huna Yoo

Founder of HUNA Real Estate Company | License ID: V98725

+1(778) 322-6647 | huna.yoo.22@gmail.com

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1504 56 ST