The CBRE National Apartment Group-BC and Placemaker Communities are pleased to offer for sale Nell’s Place, a newly constructed five storey, 51 suite purpose built rental apartment building with 3,770 sq.ft. of at grade retail prominently located at the intersection of Rupert Street and East 29th Avenue in the heart of the Renfrew Collingwood neighbourhood in Vancouver, British Columbia (the “Property”). Nell’s Place is centrally located in close proximity to an excellent cross section of shopping, services and amenities including; the grocery anchored Rupert Station shopping centre that comprises an abundance of big box retailers offering a large variety of services and tenant friendly amenities. Nell’s Place is also conveniently located just a short 10-minute drive from the largest shopping mall in British Columbia, the Metropolis at Metrotown, which comprises over 1.7M square feet of retail, shops, and services. The property is strategically located in close walking distance to two Skytrain Stations; the East 29th station and the Joyce Skytrain Station both situated within a 10-minute walk from the subject property, offering direct connectivity to Burnaby’s Metrotown, Downtown Vancouver and other surrounding municipalities.

This stunning new rental building is improved with condo quality finishes and offers an excellent suite mix ranging from studios to large 3-bedroom units, a selection of unique live-work units as well as 1- & 3-bedroom townhouse units that are all well suited to a variety of residents including, students, young professionals, and families. Nell’s Place was completed in 2024 under the cities Rental 100 Program. The residential component is currently 100% leased at the rental 100 rents, which are significantly under market providing prospective purchasers with the opportunity to increase cash flow and yield by increasing rents to market once the initial tenants vacate the property and new leases are executed. The property also offers assumable under market financing and title is held in bare trust. With its rarely available Vancouver location, close proximity to two Skytrain Stations, upside in rents, diverse mix of suites, assumable under market financing and option to acquire the Bare Trust all combine to position Nell’s Place as one of the most attractive new purpose-built rental offerings currently available in the Vancouver marketplace and one that ticks all the boxes!