604.542.2444

1504 56 Street, Beach Grove, Tsawwassen

Go To Gallery

1504 56 Street

Beach Grove, Tsawwassen

$6,950,000

Property Size: 22,216 sqft

Type: Multi-Family Commercial

About this Multi-Family Commercial

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.

Listed by London Pacific.

TypeMulti-Family Commercial
Sub TypeMulti Family

Find Out More Or Request A Showing

Send me a message if you're interested in this property

inquire
Photo 1 at 1504 56 Street, Beach Grove, Tsawwassen Photo 2 at 1504 56 Street, Beach Grove, Tsawwassen Photo 3 at 1504 56 Street, Beach Grove, Tsawwassen Photo 4 at 1504 56 Street, Beach Grove, Tsawwassen Photo 5 at 1504 56 Street, Beach Grove, Tsawwassen Photo 6 at 1504 56 Street, Beach Grove, Tsawwassen Photo 7 at 1504 56 Street, Beach Grove, Tsawwassen Photo 8 at 1504 56 Street, Beach Grove, Tsawwassen Photo 9 at 1504 56 Street, Beach Grove, Tsawwassen Photo 10 at 1504 56 Street, Beach Grove, Tsawwassen Photo 11 at 1504 56 Street, Beach Grove, Tsawwassen Photo 12 at 1504 56 Street, Beach Grove, Tsawwassen Photo 13 at 1504 56 Street, Beach Grove, Tsawwassen Photo 14 at 1504 56 Street, Beach Grove, Tsawwassen Photo 15 at 1504 56 Street, Beach Grove, Tsawwassen Photo 16 at 1504 56 Street, Beach Grove, Tsawwassen Photo 17 at 1504 56 Street, Beach Grove, Tsawwassen Photo 18 at 1504 56 Street, Beach Grove, Tsawwassen Photo 19 at 1504 56 Street, Beach Grove, Tsawwassen Photo 20 at 1504 56 Street, Beach Grove, Tsawwassen Photo 21 at 1504 56 Street, Beach Grove, Tsawwassen Photo 22 at 1504 56 Street, Beach Grove, Tsawwassen Photo 23 at 1504 56 Street, Beach Grove, Tsawwassen Photo 24 at 1504 56 Street, Beach Grove, Tsawwassen Photo 25 at 1504 56 Street, Beach Grove, Tsawwassen

Interested in browsing our website in english?

ENGLISH