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December 5, 2024

Abana Court Apartments – 5454 Balsam Street
[vc_row][vc_column][vc_single_image image="5472" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1718064040886{margin-bottom: 0px !important;}"] CIVIC ADDRESS 5454 Balsam Street, Vancouver, BC PID 008-987-131 STOREYS 3-Storeys plus Penthouse YEAR BUILT 1965 # OF SUITES 33 Suites SITE SIZE 21,900 SF (BC Assessment) PARKING 33 Underground Stalls ZONING RM-3 FINANCING Treat as Clear Title Stabilized NOI $453,672 STATUS UNDER CONTRACT [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1711065588224{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The Abana Court Apartments represent a rare opportunity to acquire an institutional quality 33-suite apartment building in the highly desirable Kerrisdale neighbourhood. The building comprises larger than average suites, balconies, a penthouse suite and amenities such as a swimming pool, storage lockers, and underground parking. Located a block from West 41st Avenue, offering an abundance of amenities and multiple transit lines to UBC and Downtown Vancouver.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ Boutique Character Property 33-suite property in Vancouver’s desirable Kerrisdale Village Neighbourhood offering excellent scale and a sought-after location. + NOI Growth Meaningful upside opportunity to double NOI. + Well Capitalized Asset Professionally managed with significant capital expenditures (over $500K) including elevator, boilers, heat exchangers and hot water tanks, new risers and plumbing into suites, new water main and upgraded and automated lighting. + Conversion Potential Larger than average suites present the potential opportunity to convert the large 1-bedrooms into 1 bed plus dens and large 2 bedrooms into 2 beds plus dens + Penthouse Large 1,248 SF 2-bedroom plus den penthouse. + Pool Building amenities include a shared pool facility and change rooms with the neighbor for tenant enjoyment. + Demographic The median household income in Kerrisdale is $101,925 which is 18% higher than British Columbia. + Strong Fundamentals Canadian multifamily is one of the tightest property sectors in North America and the Vancouver rental market is characterized by a growing housing undersupply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth. + Residential Demand The median home price in Kerrisdale is $2,559,070 which is 185% higher than British Columbia. + Transit-Accessibility Conveniently positioned within close proximity to the East-West 41 Bus Line as well as the North-South 16 Arbutus Bus Line. + Lifestyle & Amenities Superior walkability to restaurants and lifestyle amenities and services within the Kerrisdale Village neighbourhood.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5472,5484,5475,5476,5489" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
November 17, 2024

741 Admirals Road, Vancouver BC
[vc_row][vc_column][vc_single_image image="5820" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1726787257077{margin-bottom: 0px !important;}"] CIVIC ADDRESS 741 Admirals Road Esquimalt, BC LEGAL DESCRIPTION PARCEL B (DD 139365I) OF LOT 20, BLOCK 1, SECTION 10, ESQUIMALT DISTRICT, PLAN 913 PIDS 004-338-596 SITE SIZE 0.247 Acres (approximately) YEAR BUILT 1963 ZONING RM-4 - Multiple Family Residential CURRENT OCCUPANCY 100% AVERAGE IN-PLACE RENT $1,550/month PARKING 12 Tenant Surface Stalls 2 Visitor Surface Stalls 14 Total Surface Stalls STABILIZED NOI Contact Agent for Details FINANCING Treat as Clear Title LIST PRICE $3,650,000 [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1727117581502{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure [/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The Pacific Villa Apartments offers investors the opportunity to acquire a 12-suite cash-flowing apartment building centrally located in Esquimalt, BC, just minutes from Downtown Victoria. The building benefits from an excellent suite mix made up predominantly of large 2-bedroom suites (83%) designed to maximize rental revenue. A number of capital improvements have been completed including a newer roof, double glazed windows, balconies, boiler and hot water tank. The building is strategically located on Admirals Road between Esquimalt Road and Colville Road across from the Naval Base, which is now the largest employer in Esquimalt. The seaside location provides tenants with convenient access to transit as well as a host of tenant friendly services and amenities within walking distance.[/vc_column_text][vc_text_separator title="Site Size" title_align="separator_align_left"][vc_column_text] Type Total % 1-Bed 2 16.7 2-Bed 2 16.7 2-Bed + Den 8 67.7 Total 12 100% [/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+SUITE MIX DESIGNED TO MAXIMIZE RENTAL REVENUE: The suite mix is comprised of two 1-bedroom suites, two 2-bedroom suites and eight large 2-bedroom plus den suites + SIGNIFICANT RENTAL UPSIDE:CBRE has estimated there is 34%+ in rental upside, providing a new owner with the opportunity to continue with the Vendor’s proven value-add leasing strategy to grow cash flow and yield. + WELL MAINTAINED BUILDING: The building has been well maintained with newer roof, updated double glazed windows, balconies and newer boiler and hot water tank minimizing future capital expenditures. + STRONG FUNDAMENTALS: Canadian multi-family is one of the tightest property sectors in North America and the Esquimalt rental market is characterized by a growing housing under-supply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5820,5821,5822,5823,5824,5825,5826" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] SIM WARAICH Transaction Manager T +1 604 662 5179 sim.waraich@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
September 19, 2024

2525 Lonsdale Avenue, Vancouver BC
[vc_row][vc_column][vc_single_image image="5790" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1727800014277{margin-bottom: 0px !important;}"] CIVIC ADDRESS 2525 Lonsdale Avenue, North Vancouver LEGAL DESCRIPTION LOT A DISTRICT LOT 545 BLOCK 228 GROUP 1 NEW WESTMINSTER DISTRICT PLAN EPP47696 PIDS 029-474-060 YEAR BUILT 1948 NET RENTABLE 14,888 SF CONSTRUCTION TYPE Woodframe w/ Concrete Substructure SITE SIZE 14,472 SF (As Per Site Survey) ZONING RM-1 OFFICIAL COMMUNITY PLAN (OCP) DESIGNATION Residential Level 5 (Medium Density) OCP FLOOR SPACE RATIO (FSR) 2.60(1.6+1.00 Bonus) POTENTIAL  DENSITY 37,627 SF NET INCOME Contact Agent LIST PRICE UNDER CONTRACT [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1723233645240{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group - BC is pleased to present the opportunity to acquire the 100% freehold interest in the Lonsdale Apartments located at 2525 Lonsdale Avenue in the City of North Vancouver, BC. The property is centrally located near Highway 1 with direct frontage and exposure onto Lonsdale Avenue providing convenient access to both the Second Narrows and Lions Gate Bridges and is in close proximity to an excellent cross section of tenant friendly amenities. The Lonsdale Apartments is currently improved with a 25-suite rental apartment building that is inclusive of a 2-bedroom Penthouse suite with a large rooftop deck with views toward the North Shore mountains and Downtown Vancouver. The subject property has enjoyed a number of capital upgrades in recent years to the major building components including; the roof, boilers, windows just to name a few and as a result is in a good overall state of repair. This offering presents and ideal opportunity for an investor or developer to acquire a well-located rental property that they can hold for a few years with the future plan of redeveloping the site that may consist of a new purpose-built rental building up to 6-storeys and approximately 50 plus units based on the City of North Vancouver’s Land-Use designation for the area.[/vc_column_text][vc_text_separator title="Site Size" title_align="separator_align_left"][vc_column_text] Type Count AV Rent AV Sq Ft AV Rent/SF Bachelor 14 $1,060 454 $2.33 1-Bed 4 $1,264 639 $1.98 2-Bed 5 $1,586 802 $1.98 3-Bed 1 $2,569 968 $2.65 2-Bed Penthouse 1 $1,889 994 $1.90 Total 25 $1,291 596 $2.17 [/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ EXCELLENT FUTURE REDEVELOPMENT POTENTIAL: The subject property is part of a community plan that allows for future higher density when constructing new purpose rental buildings under the City of North Vancouver’s land-use guidelines as shown on page 11 herein. Situated on a large 14,472 square foot rectangular shaped land parcel, the Lonsdale Apartments is ideally suited for an investor or developer to take advantage of the Residential Level 5 zoning that may allow for a new purpose-built rental building up to 6 storey and approximately 50 or more rental units. In addition, the recent capital improvements completed to the building by the current Vendor will minimize the capital requirements that a new investor or developer may have to spend on the building during their desired holding period. + WELL MAINTAINED APARTMENT BUILDING WITH EXTENSIVE CAPITAL UPDATES: The Lonsdale Apartments has been exceptionally managed by the current ownership and has received extensive capital upgrades including a new entrance lobby (2024), two newer Super Hot atmospheric boilers (2018), newer hot water tank (2018), new double-glazed windows (2018), upgraded main water line (2014), exterior painting (2018), updated intercom (2014), upgraded washers (2017), upgraded dryers (2022), and life safety upgrades (2013). + RENTAL INCOME UPSIDE & REPOSITIONING: With many of the suites rented at below market rents averaging approximately $2.17 per square foot, there is significant income upside through modernizing the suites upon turnover and re-leasing at market rents.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5791,5792,5790,5793,5794,5795" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] SIM WARAICH Transaction Manager T +1 604 662 5179 sim.waraich@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
August 9, 2024

Sunoka Apartments
[vc_row][vc_column][vc_single_image image="5807" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1725909959604{margin-bottom: 0px !important;}"] Property Names Sunoka Apartments CIVIC ADDRESS 6203 Willow Avenue, Summerland PID 031-662-277 STOREYS 2 YEAR BUILT 2008 # OF SUITES 25 Suite Rental Property SITE SIZE  10,340 SF ZONING RHD - Residential High Density Zone CAP RATE  4.70% STABILIZED NOI $321,500 LIST PRICE $6,750,000 [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1725909950754{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]William Wright Commercial and the CBRE National Apartment Group – BC are pleased to present the unique opportunity to acquire The Sunoka Apartments located at 6203 Willow Avenue in the heart of Summerland, British Columbia. The Sunoka Apartments include 25-units in 2-separate buildings. The property was developed by the current owners in 2008 and have been fully leased for a majority of this timeframe with healthy market turnover which has assisted the building in achieving strong growth in rental income. This is a rare opportunity to acquire a newer apartment building well located just minutes from Downtown Summerland and walking distance to Lake Okanagan. The location of the property along with the limited amount of rental competition in Summerland make this one of the most sought-after investment opportunities in the area. Further detailed information on this excellent opportunity can be acquired by signing a Confidentiality Agreement and connecting with our team.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ LIMITED COMPETITION: Summerland has very limited supply of rental buildings making this one of the most desirable buildings in the city. + NEWER CONSTRUCTION: The Sunoka Apartments was constructed in 2008 and its newer vintage allows for limited CapEx requirements in comparison to that of an older building. + FULLY TENANTED APARTMENT BUILDING: The Sunoka Apartment building attracts and retains quality tenants with little vacancy and a waiting list. + LOW MAINTENANCE COSTS: The building has very little common areas resulting in very low maintenance costs. + OPPORTUNITY TO ASSEMBLY: Opportunity to acquire the neighbouring Summerland Motel creating a large 1.37 Acre site with future redevelopment potential. + RENTAL RATE UPSIDE: The Okanagan Valley and Summerland have seen consistent rental rate increases over the past 5+ years.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5807,5712,5713,5714,5715,5718" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] SIM WARAICH Transaction Manager T +1 604 662 5179 sim.waraich@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
March 21, 2024

1651 Dufferin Crescent
[vc_row][vc_column][vc_single_image image="5737" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1719438869992{margin-bottom: 0px !important;}"] CIVIC ADDRESS 412 Bruce Avenue, Nanaimo BC LEGAL DESCRIPTION SECTION 28, RANGE 9, SECTION 1, NANAIMO DISTRICT, PLAN 630, EXCEPT THOSE PARTS IN PLANS 563-R, 879-R, 7039, 10331, 11667, 18260, 30241 AND 32760 PIDS 000-785-709 SITE SIZE 0.465 Acres (approximately) YEAR BUILT 1980 ZONING R8 - Medium Density Residential CURRENT OCCUPANCY 100% SUITE MIX 1 Bed                             13 2 Bed                               9 Total                               22 AVG IN-PLACE RENT $923 per month Rental Upside 100%+ Market to Market Upside PARKING Surface parking at rear of building STABILIZED NOI  Contact Agent for Details FINANCING Assume Clear Title STATUS SOLD [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1711483101944{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The Bruce Avenue Apartments offers investors the opportunity to acquire a cash-flowing apartment building centrally located in Nanaimo, BC, one of the fastest growing municipalities in the province. The building is strategically located on Bruce Avenue at Fourth Street providing convenient access to Downtown Nanaimo, The Vancouver Island University, transit and a host of tenant friendly services and amenities available within walking distance.   PROPERTY HIGHLIGHTS + Heating System: Electric Baseboard Heat (paid by Tenants) + Domestic Hot Water: Gas fired boiler (approx. 2-3 years old) + Roof System: Torch on (approx. 10-15 years old) + Balconies: New vinyl and railings (approx. 3 years ago) + Exterior Paint: (approx. 3 years ago) + New Fencing at Rear of Property: (1 year ago) + Suites are maintained on turnover. A couple of suites have been completely renovated ($30K-$50K)[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ SIGNIFICANT RENTAL UPSIDE: Projected 100% mark-to-market upside to market rents. + TENANT PAID HEAT: Electric heat is metered to and paid for by tenants, significantly reducing owner expenses. + STRONG FUNDAMENTALS: Canadian multi-family is one of the tightest property sectors in North America and the Nanaimo rental market is characterized by a growing housing under-supply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5727,5728,5729,5730,5731,5732,5733,5734,5735,5736" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
September 17, 2024
Purpose Built Development Site

705 West 3rd Avenue
[vc_row][vc_column][vc_single_image image="5737" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1719438869992{margin-bottom: 0px !important;}"] CIVIC ADDRESS 412 Bruce Avenue, Nanaimo BC LEGAL DESCRIPTION SECTION 28, RANGE 9, SECTION 1, NANAIMO DISTRICT, PLAN 630, EXCEPT THOSE PARTS IN PLANS 563-R, 879-R, 7039, 10331, 11667, 18260, 30241 AND 32760 PIDS 000-785-709 SITE SIZE 0.465 Acres (approximately) YEAR BUILT 1980 ZONING R8 - Medium Density Residential CURRENT OCCUPANCY 100% SUITE MIX 1 Bed                             13 2 Bed                               9 Total                               22 AVG IN-PLACE RENT $923 per month Rental Upside 100%+ Market to Market Upside PARKING Surface parking at rear of building STABILIZED NOI  Contact Agent for Details FINANCING Assume Clear Title STATUS SOLD [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1711483101944{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The Bruce Avenue Apartments offers investors the opportunity to acquire a cash-flowing apartment building centrally located in Nanaimo, BC, one of the fastest growing municipalities in the province. The building is strategically located on Bruce Avenue at Fourth Street providing convenient access to Downtown Nanaimo, The Vancouver Island University, transit and a host of tenant friendly services and amenities available within walking distance.   PROPERTY HIGHLIGHTS + Heating System: Electric Baseboard Heat (paid by Tenants) + Domestic Hot Water: Gas fired boiler (approx. 2-3 years old) + Roof System: Torch on (approx. 10-15 years old) + Balconies: New vinyl and railings (approx. 3 years ago) + Exterior Paint: (approx. 3 years ago) + New Fencing at Rear of Property: (1 year ago) + Suites are maintained on turnover. A couple of suites have been completely renovated ($30K-$50K)[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ SIGNIFICANT RENTAL UPSIDE: Projected 100% mark-to-market upside to market rents. + TENANT PAID HEAT: Electric heat is metered to and paid for by tenants, significantly reducing owner expenses. + STRONG FUNDAMENTALS: Canadian multi-family is one of the tightest property sectors in North America and the Nanaimo rental market is characterized by a growing housing under-supply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5727,5728,5729,5730,5731,5732,5733,5734,5735,5736" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
June 27, 2024

412 Bruce Avenue
[vc_row][vc_column][vc_single_image image="5737" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1719438869992{margin-bottom: 0px !important;}"] CIVIC ADDRESS 412 Bruce Avenue, Nanaimo BC LEGAL DESCRIPTION SECTION 28, RANGE 9, SECTION 1, NANAIMO DISTRICT, PLAN 630, EXCEPT THOSE PARTS IN PLANS 563-R, 879-R, 7039, 10331, 11667, 18260, 30241 AND 32760 PIDS 000-785-709 SITE SIZE 0.465 Acres (approximately) YEAR BUILT 1980 ZONING R8 - Medium Density Residential CURRENT OCCUPANCY 100% SUITE MIX 1 Bed                             13 2 Bed                               9 Total                               22 AVG IN-PLACE RENT $923 per month Rental Upside 100%+ Market to Market Upside PARKING Surface parking at rear of building STABILIZED NOI  Contact Agent for Details FINANCING Assume Clear Title STATUS SOLD [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1711483101944{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The Bruce Avenue Apartments offers investors the opportunity to acquire a cash-flowing apartment building centrally located in Nanaimo, BC, one of the fastest growing municipalities in the province. The building is strategically located on Bruce Avenue at Fourth Street providing convenient access to Downtown Nanaimo, The Vancouver Island University, transit and a host of tenant friendly services and amenities available within walking distance.   PROPERTY HIGHLIGHTS + Heating System: Electric Baseboard Heat (paid by Tenants) + Domestic Hot Water: Gas fired boiler (approx. 2-3 years old) + Roof System: Torch on (approx. 10-15 years old) + Balconies: New vinyl and railings (approx. 3 years ago) + Exterior Paint: (approx. 3 years ago) + New Fencing at Rear of Property: (1 year ago) + Suites are maintained on turnover. A couple of suites have been completely renovated ($30K-$50K)[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ SIGNIFICANT RENTAL UPSIDE: Projected 100% mark-to-market upside to market rents. + TENANT PAID HEAT: Electric heat is metered to and paid for by tenants, significantly reducing owner expenses. + STRONG FUNDAMENTALS: Canadian multi-family is one of the tightest property sectors in North America and the Nanaimo rental market is characterized by a growing housing under-supply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5727,5728,5729,5730,5731,5732,5733,5734,5735,5736" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
March 26, 2024

Trinity Apartments
[vc_row][vc_column][vc_single_image image="5671" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1727292646145{margin-bottom: 0px !important;}"] CIVIC ADDRESS 380 & 400 Third Street, Nanaimo, BC V9R 1W6 LEGAL DESCRIPTION LOT B & C, SECTION 33, RANGE 7, SECTION 1, NANAIMO DISTRICT, PLAN 49379 PIDS 015-068-366; 015-068-382 SITE SIZE 1.35 Acres (approximately) YEAR BUILT 1989 ZONING R6 - Townhouse Residential CURRENT OCCUPANCY 100% SUITE MIX *One unit currently being utilized as a managers office Studio                              66* 1 Bed                                  4 Total                                 70 AVG IN-PLACE RENT $1,110 | 18+% Rental Upside PARKING 42 Stalls (Surface) STABILIZED NOI $681,106 BARE TRUST Yes FINANCING Assume Clear Title LIST PRICE $12,980,000 / 5.30% Cap Rate [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1727292836958{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group-BC is pleased to present the exclusive opportunity to acquire the 100% interest in the Trinity Apartments, a 70-suite rental apartment complex prominently located on Third Street in Nanaimo within walking distance to Vancouver Island University and a host of tenant friendly shops, services and amenities including the Nanaimo Ice Centre, Aquatic Centre and Nanaimo’s historic Old City Quarters. The Trinity Apartments complex is comprised of two three-storey buildings situated on a large 1.35-acre site. The “California” style building design offers large studio style suites with individual entrances that appeal to a wide range of tenants that enjoy having their own front door including students attending the nearby Vancouver Island University. This building design offers a low maintenance and cost-effective alternative to traditional buildings as there are no common area hallways and lobbies to heat, maintain or clean. The Trinity Apartments has undergone a significant transformation under the current ownership with almost all of the suites being fully renovated, new exterior paint (2019) and new on-demand hot water system (2018). One of the units has been converted into an onsite managers office with a modern security system including 39 security cameras positioned around the property. Many of the large studios lend themselves nicely to a conversion opportunity to create junior 1-bedroom suites and the current owner has already completed the conversion of a couple of suites. The studio style suites command market leading price per foot rents and provide good turnover, ensuring rents keep up with inflation. Overall, a new owner stands to benefit from the acquisition of a well-capitalized asset with recurring cashflow, income growth and limited capital expenditure requirements going forward as well as a balanced roster of demand drivers that ensures the Trinity Apartments will remain a sought-after rental complex for years to come.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ UNIQUE SCALE: With 70 suites, the Trinity Apartments offers unique scale providing for management efficiencies in a market characterized by smaller buildings. + LOW MAINTENANCE BUILDING DESIGN: The “California” architectural design provides a low maintenance and cost-effective alternative to traditional buildings as there are no common area hallways and lobbies to heat, maintain and clean. + TENANT PAID HEAT: Electric heat metered to and paid for by the tenants significantly reducing owner operating expenses. + SUITE MIX & CONVERSION POTENTIAL: Larger than average studio suites with individual entrances appeal to a wide range of tenants, maximize per square foot rents, generate healthy turnover and present the opportunity to convert the large studios into Jr. 1 Bedrooms suites to further maximize rental revenue. + STRONG FUNDAMENTALS: Canadian multifamily is one of the tightest property sectors in North America and the Nanaimo rental market is characterized by a growing housing undersupply, ownership cost challenges and record population growth leading to near zero vacancy levels and rapid market rent growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5655,5658,5684,5683,5681,5682,5663,5664,5665,5666,5656,5661" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
October 17, 2023

1983 Commercial Drive
[vc_row][vc_column][vc_single_image image="5652" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1704839492276{margin-bottom: 0px !important;}"] CIVIC ADDRESS 1983 Commercial Drive, Vancouver, BC PID 013-178-954 LEGAL DESCRIPTION LOT H OF LOTS 18 TO 21 BLOCK 145 DISTRICT LOT 264A PLANS 1667 AND 1771 YEAR BUILT 1906 CURRENT ZONING C-2C1 / RM-4 OCP DESIGNATION Commercial Drive “Core” - Traditional / Historic Shopping District (4-Storeys) SUITE MIX Bachelor                      2 1 Bed                            6 2 Bed                            3 Total: 11 Residential Units COMMERCIAL UNITS 3 Ground Floor Retail Units CURRENT OCCUPANCY 100% Leased SITE SIZE* *sizes are estimated and subject to further verification 10,504 SF FINANCING Assume Clear Title STABILIZED NOI $247,907 LIST PRICE $6,495,000 [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1704839482774{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]CBRE Limited and The National Apartment Group - BC are pleased to present a rare opportunity to acquire the 100% interest in 1983 Commercial Drive, an investment property that offers assembly potential comprised of 11 residential rental suites and 3 retail units prominently located on Vancouver’s trendiest street…Commercial Drive. The landmark building is located on the Northwest corner of Commercial Drive and East 4th Avenue. Commercial Drive, also known as “The Drive” is a very prominent street in Vancouver and is known for its diversity and numerous unique offerings such as shopping, dining, and entertainment options. The buildings high traffic and livable location will continue to attract and retain both residential and commercial tenants and ensure 1983 Commercial Drive will remain a sought-after address for years to come. Further information is available through the execution of a Confidentiality Agreement and offers will be presented as they are received for the Vendor’s consideration.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ UNIQUE ASSET TYPE: Boutique mixed-use investment opportunity located on “The Drive”… Vancouver’s trendiest street. + DESIRABLE EAST VANCOUVER LOCATION: Located in the heart of Commercial Drive, residential tenants are literally just steps from a host of shops, restaurants, amenities, and places of employment and commercial tenants benefit from the high foot traffic. + STRONG MARKET FUNDAMENTALS: East Vancouver and specifically “The Drive” are one of the strongest rental markets for investors in Canada. + RECORD LOW VACANCY RATES: Low vacancy (0.5%) and strong demand for rentals in the area support the opportunity to grow the rental revenue in the building. + REDEVELOPMENT POTENTIAL: Designated in the official Grandview/Woodland Neighbourhood Plan as Commercial Drive “Core”- Traditional/Historic Shopping District (4-Storeys) + RENTAL UPSIDE: Rents are significantly below market in the building providing rental growth potential and the opportunity to improve cash flow from both residential and retail units[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5647,5648,5649,5650" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/2"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/2"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]
Sim Waraich
October 4, 2023
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