[vc_row][vc_column][vc_single_image image="5976" img_size="large" alignment="center" css=""][/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_1748987607398{margin-bottom: 0px !important;}" el_id="property_grid"] Address 4502 Rupert Street, Vancouver BC Completion Date 2024 Land Size 18,621 SF Building Height 5 Storey Residential Average Monthly Rent Inplace $2,387/$3.77 psf | Projected $3,042/$4.80 psf Occupancy Residential 100% leased | Commercial 2 out of 3 units leased Net Rentable Area Residential: 32,320 SF | Commercial: 3,770 SF Parking Residential 24 Secure Underground Stalls pre-wired for EV charging Commercial 5 Visitor 3 Total 32 Storage 51 regular sized storage units + 7 premium sized storage units for a total of 58 units Bicycle 95 Stalls Bare Trust Property is Held in Bare Trust Nominee Financing Assumable MLI Select Loan Available Rate: 3.19% Loan Amount: $27.4M Original Term: 5 Year Original Amortization: 50 Years Stabilized NOI Contact Agent for Details List Price $35,950,000 | $996/SF on Net Area [/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_1749056118732{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 css=""]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![/vc_column_text][vc_text_separator title="Suite Mix" title_align="separator_align_left" css=""][vc_column_text css=""] TH 1-Bed 4 TH 3-Bed 5 LW 1-Bed 3 LW 2-Bed 1 Studio 9 1-Bed 14 2-Bed 13 3-Bed 2 Total 51 [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="5961,5951,5949,5970,5958,5957,5960,5962,5954,5959,5955,5952,5953" img_size="" css=""][/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="1/4"][vc_column_text css=""] 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="1/4"][vc_column_text css=""] SIM WARAICH Transaction Manager T +1 604 662 5179 sim.waraich@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/4"][vc_column_text] GREG AMBROSE Vice President T +1 604 662 5178 greg.ambrose@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="Building Highlights" css=""][vc_column_text css=""]1. This contemporary 4 storey rental apartment building is comprised of 24 suite and benefits from a unique and desirable suite mix, which include; 12 – One Bedroom Units and 12 – Two bedroom units ideal for maximizing cash flow; 2. Residential suites include a deck or patio, are larger then average and are all further improved efficiently designed layouts complete with ample closet space and a variety of strategically positioned windows that provide an abundance of natural light to each unit; 3. The building has been well maintained by the current owner and includes a full-service elevator that is annually inspected, a newer torch on roof, and updates to suites as may be required including; recent bathroom renovations to select number of suites; 4. The building is heated by electric base board heat and is individually metered for Hydro; with Tenants being responsible for the payment of their own heat and electricity; 5. The mechanical room comprising the domestic hot water tank, elevator room, laundry room (2 owned washers & 2 owned dryers) are all strategically located throughout the main floor and are accessed via the main door from the front entrance lobby; 6. The building is improved with a total of 25 surface and covered parking stalls that can be conveniently accessed from Wychbury Avenue. 7. The property is designated as “Medium Density Residential” in Esqiumalt’s proposed Official Community Plan, supporting a density of 2.0 FSR and up to six storeys in height.[/vc_column_text][/vc_column][/vc_row]