2228 Triumph Street, Grandview Woodland, Vancouver East
For Sale

Grandview Woodland, Vancouver East

2228 Triumph Street

Multi-Family Commercial

Property Type


  • Lot in Sqft 12,089
  • Lot Dimensions in Ft 99x122
  • Net Rentable Area 13,024 sqft
  • PID 015-676-552 & 015-676-544
  • Year Built 1966
  • Number of Units 22
  • Zoning OCP Apartment (6-Storeys) - 2.40 FSR
About the Property

2228 Triumph Street, Vancouver

East Vancouver 22-unit apartment building offered at a 4.00% cap rate with blended renovated rents of $3.70 per SF! With 12 suites left to renovate, there is still a tremendous amount of upside left to realize. Avoid volatile interest rates by assuming the long-term CMHC financing currently in place at 3.77% until 2032. Take advantage of potential Property Transfer Savings of over $400,000 by purchasing the shares of the Bare Trust, as well as, the long-term development potential of up to a 2.40 FSR under the Grandview Woodland OCP. Offered as a package 2056 Franklin Street which is identical in suite-mix and layout, both buildings can be purchased together or separately.

Listing Agent: Steve Fame *PREC  -   604.761.3263   -   email 

(*PREC personal real estate corporation)

Floor Plans and PDFs

The Portfolio

2228 Triumph Street & 2056 Franklin Street can be purchased together or separately.
  • 44-unit apartment portfolio featuring 22 renovated units providing a clear path for further income upside
  • Attractive assumable CMHC mortgages negates interest rate concerns
  • Held in a Bare Trusts presenting the potential to save over $900,000 in Property Transfer Tax
  • Building system and common area upgrades completed, ensuring cashflow protection and limited future capital improvements required
  • Grandview Woodland OCP designation ensures future development certainty
Click HERE to check out 2056 Franklin Street

Explore the Area Around 2228 Triumph Street, Grandview Woodland, Vancouver East

Grandview Woodland, Vancouver East

Nestled just east of Victoria Drive, the Portfolio is situated on traffic-calmed streets while still enjoying immediate access to the thriving commercial districts of Hastings Street and Commercial Drive which feature a variety of boutiques, cafes and award-winning restaurants and bars.

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Contact us today for more information or a private viewing of this Multi-Family Commercial