[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 css=".vc_custom_1738888847891{margin-bottom: 0px !important;}" el_id="property_grid"] 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 $3,360,000 [/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_1738888981479{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 css=""]+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 32%+ 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]

[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 css=".vc_custom_1739912333965{margin-bottom: 0px !important;}" el_id="property_grid"] 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 FIRM [/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]