Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
General Info
Property Metrics
Additional Details
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 13'1 x 13'1 ft |
| Main Level | Kitchen | 9'2 x 9'2 ft |
| Main Level | Bedroom | 9'4 x 9'4 ft |
| Main Level | Living Room | 15'8 x 15'8 ft |
| Main Level | Kitchen | 12'2 x 12'2 ft |
| Main Level | Bedroom | 10'1 x 10'1 ft |
| Main Level | Living Room | 13'3 x 13'3 ft |
| Main Level | Kitchen | 7'10 x 7'10 ft |
| Main Level | Bedroom | 9'5 x 9'5 ft |
| Main Level | Storage | 7'2 x 7'2 ft |
| Above Level | Living Room | 13'7 x 13'7 ft |
| Above Level | Kitchen | 9'4 x 9'4 ft |
| Above Level | Bedroom | 14'1 x 14'1 ft |
| Above Level | Living Room | 14'6 x 14'6 ft |
| Above Level | Kitchen | 8'11 x 8'11 ft |
| Above Level | Bedroom | 14'5 x 14'5 ft |
| Above Level | Living Room | 18'1 x 18'1 ft |
| Above Level | Kitchen | 7'7 x 7'7 ft |
| Above Level | Bedroom | 14'2 x 14'2 ft |
| Abv Main 2 | Living Room | 15'11 x 15'11 ft |
| Abv Main 2 | Kitchen | 9'3 x 9'3 ft |
| Abv Main 2 | Bedroom | 14'1 x 14'1 ft |
| Abv Main 2 | Living Room | 14'6 x 14'6 ft |
| Abv Main 2 | Kitchen | 8'11 x 8'11 ft |
| Abv Main 2 | Bedroom | 11'11 x 11'11 ft |
| Abv Main 2 | Living Room | 21'6 x 21'6 ft |
| Abv Main 2 | Kitchen | 7'6 x 7'6 ft |
| Abv Main 2 | Bedroom | 14'2 x 14'2 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Main Level | No | #3 |
| Above Level | No | #3 |
| Above Level | No | #3 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Noise/ Power Lines
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Welcome to 1923 Parker Street, a charming home located in the heart of Vancouver, BC!
As we walk through this beautiful neighborhood, I want to share with you the unique features that make 1923 Parker Street a fantastic place to call home. This property, listed as MLS® R3060359, is truly a gem, and I'm excited to show you why.
Education
Let's start with the schools. Lord Nelson Elementary School is just a 0.56 km walk from the property, and it boasts a rating of 6.8/10. This school is a popular choice among families, and for good reason - its dedicated teachers and staff provide a nurturing environment that allows students to thrive. Templeton Secondary School is also nearby, with a rating of No Rating, and is just a 0.46 km drive from the property.
But that's not all - we also have St Francis of Assisi, a highly-rated independent school with a rating of 8.9/10, located just 0.1 km from the property. And for our students with special needs, PALS Autism School is a short 0.84 km drive away.
Safety
Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. In fact, the year-over-year change in the total crime rate is a impressive -14.94%, indicating a decrease in crime over the past year.
When it comes to drug-related crime, the rate is Average, with 1,604 illegal substances lawbreaking disturbances reported in 2020. However, the year-over-year change in the illegal substances offences ranking is a mere 1.58%, suggesting a relatively stable trend.
Property and Demographics
Now, let's dive into the demographics of this neighborhood. With a median household income of $78,976, this area is considered Above Average compared to other BC neighborhoods. And with a median personal income of $35,802, it's also Average compared to the BC average.
Interestingly, 38.8% of the population in this neighborhood has a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 14.6% of the population has no certificate or degree, which is Below Average compared to the average in BC.
Lifestyle and Amenities
But what really sets this neighborhood apart is its lifestyle and amenities. With a population density of 6,939.8 people per square kilometer, this area is considered High in terms of population density.
The average family size in this neighborhood is 2.7, which is Below Average compared to the whole region. However, 58.7% of families with children, and 52.7% of married or living common-law couples, call this neighborhood home, making it an ideal place for families.
And with an average age of 40.9, this neighborhood is considered Average in terms of age compared to other BC cities.
Real Estate and Transit
Now, let's talk about real estate. With an average value of dwellings in this neighborhood reaching $1,284,993, it's considered High compared to other areas in British Columbia.
The average owner payments in this neighborhood are also High, with owners spending an average of $1,650 per month on their dwellings. Tenants, on the other hand, are paying an average of $1,143 per month, which is Above Average compared to other cities.
Parking and Transportation
But what about parking and transportation? With 27.6% of the population using public transportation, 52.7% using cars, 13% using bicycles, and 5.7% walking, this neighborhood is well-connected and offers a range of transportation options.
Conclusion
In conclusion, 1923 Parker Street is a beautiful home located in a vibrant and diverse neighborhood in Vancouver, BC. With its excellent schools, safe community, and abundance of lifestyle and amenities, this property is an ideal choice for families, professionals, and anyone looking for a welcoming and connected community.
So why not make 1923 Parker Street your home today? Contact me, your trusted realtor, to schedule a viewing and make this property a reality!
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