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880 West 15th Street

[vc_row][vc_column][vc_single_image image="5632" 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_1704743922464{margin-bottom: 0px !important;}"] CIVIC ADDRESS 880 W 15th Street, North Vancouver, BC PID 011-152-206 LEGAL DESCRIPTION LOT A (REFERENCE PLAN 9784) BLOCK 5 DISTRICT LOT 265 PLAN 1406 CURRENT ZONING CS-1 PROPOSED ZONING Mixed Use Level 2 (Medium Density) (OCP) Density FSR 2.0 + Maximum Bonus FSR 0.5 SITE SIZE 0.30 Acres | 13,202 SF OCP DESIGNATION Mixed Use Level 2 PROPOSED DEVELOPMENT 5 Storey | 41 Rental Units + 3 CRU PROPOSED DENSITY FSR 2.66 | 35,118 Buildable SF Bare Trust Held within a Bare Trust resulting in Property Transfer Tax Savings PRICING $8,488,000 [/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_1704752915997{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 is pleased to offer for sale 880 West 15th Street, North Vancouver BC, a mixed-use rental development site with plans in place and 3rd reading passed in September 2023. 880 West 15th Street represents a rare opportunity to acquire and develop a 5-storey wood-frame purpose-built rental development site located in the rapidly growing City of North Vancouver. The efficient 13,202 SF site fronts onto Marine Drive, one of the North Shore’s busiest thoroughfares and is located directly across the street from the 425,000 SF Capilano Mall, the North Shore’s 2nd largest regional shopping mall owned by Quadreal. The City of North Vancouver Council voted unanimously pre-approved to create a master plan for an OCP amendment to overhaul Capilano Mall, the largest development site in North Vancouver at 15 acres which will comprise a multi-phased re-development transforming the mall into a mixed-use, high-density development. The site is located directly on the current TransLink R2 RapidBus route with a station 100M to the West, which is to be upgraded to Bus Rapid Transit (BRT) in the coming years, connecting Park Royal to Metrotown and has quick access to Downtown Vancouver via bus or SeaBus at Lonsdale Quay/Shipyards 5 minutes East.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ Efficient 13,202 SF lot located on one of Vancouver’s busiest thoroughfares. + 5-storey Mixed-Use rental development on one level of underground parking, surface CRU parking with vehicular access from the lane. + Mayor and Council voted unanimously April 17th, 2023 to approve the rezoning application and passed 3rd Reading in September 2023. + Construction is concrete to level 1 slab with wood frame above. + Amenity rich building with common second floor amenity room, balconies, secure underground parking, bicycle storage and tenant friendly retail at grade. + 32 parking stalls and 73 bike lockers. + The development would comprise efficient mechanical and utility systems which will reduce operating costs for an owner with individually metered water and electricity all paid for by the tenants.[/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="5632,5633,5634,5636" 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]
Zoe Strayhan
August 21, 2023

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_1697495270626{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 $1,043 | 26.3% Rental Upside PARKING 42 Stalls (Surface) STABILIZED NOI $668,981 BARE TRUST Yes FINANCING Assume Clear Title LIST PRICE $13,375,000 | 5% 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_1697561361639{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]
Zoe Strayhan
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]
Zoe Strayhan
October 4, 2023

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_1698872179795{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 $422,272 PRICING Contact Agents for Details [/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_1698872148495{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]
Zoe Strayhan
July 11, 2023

Magnolia Townhomes – 3690 Country Club Drive, Nanaimo, BC

[vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGbWFnbm9saWElMkYlMjIlMjklM0IlM0MlMkZzY3JpcHQlM0UlMEE=[/vc_raw_js][/vc_column][/vc_row][vc_row disable_element="yes"][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1689109021095{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 $398,586 PRICING Contact Agents for Details [/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_1689113959176{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 disable_element="yes"][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 disable_element="yes"][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]
siteadministrator
September 5, 2023

Sidney by the Sea

[vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGc2lkbmV5Ynl0aGVzZWElMkYlMjIlMjklM0IlM0MlMkZzY3JpcHQlM0UlMEE=[/vc_raw_js][/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_1641851305500{margin-bottom: 0px !important;}"] CIVIC ADDRESS 2433 Malaview Avenue & 10129 Fifth Street, Sidney, BC SUITE TOTAL ( 2 Building Combined) 132 STATUS Coming Soon [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{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_1636154195042{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}"][/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 excited to announce our upcoming new listing on a rare combination of two (2) exceptional multifamily rental properties that are conveniently located in the charming seaside community of Sidney on the Southern tip of Vancouver Island,  just 25 minutes from Downtown Victoria, British Columbia.[/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="4541" 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] 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] GREG AMBROSE Associate 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 width="1/3"][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
Zoe Strayhan
July 27, 2023

14884 North Bluff Road, White Rock, BC

[vc_row full_width="stretch_row"][vc_column][vc_single_image image="5686" img_size="full" alignment="center"][/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_1701819981329{margin-bottom: 0px !important;}"] CIVIC ADDRESS 14884 North Bluff Road, White Rock, BC SUITE TOTAL 27 SUITE BREAKDOWN 24-One Bedrooms 2- Penthouse Suites SITE SIZE 22,375 SF STATUS SOLD [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{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_1698709660713{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}"] 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 National Apartment Group – BC is pleased to have represented the Purchaser in the sale of 14884 North Bluff Road, a 27-suite rental building located in White Rock, British Columbia.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]EXCELLENT SUITE MIX: Rare Two-Bedroom Penthouses (2) PROMINENT WHITE ROCK LOCATION: Nearby schools, Semiahmoo Shopping Centre, and transit lines[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][/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="5686" 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_row_inner][vc_row_inner][vc_column_inner width="1/3"][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
Zoe Strayhan
December 6, 2023

McKenzie Manor Apartments

[vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGbWNrZW56aWVtYW5vcmFwYXJ0bWVudHMlMkYlMjIlMjklM0IlM0MlMkZzY3JpcHQlM0UlMEE=[/vc_raw_js][/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_1664317911931{margin-bottom: 0px !important;}"] CIVIC ADDRESS 5335 200A Street, Langley, BC SUITE TOTAL ( 2 Building Combined) 92 STATUS Under Contract [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576537099141{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_1636154195042{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}"][/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 excited to announce our upcoming new listing on a rare combination of two (2) exceptional multifamily rental properties that are conveniently located in the charming seaside community of Sidney on the Southern tip of Vancouver Island,  just 25 minutes from Downtown Victoria, British Columbia.[/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="4541" 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] 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] 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 width="1/3"][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
Zoe Strayhan
January 31, 2023

Prominently Located Rental Apartment Building

[vc_row][vc_column][vc_single_image image="5325" 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_1690491883180{margin-bottom: 0px !important;}"] CIVIC ADDRESS 2026 Franklin Street Vancouver, BC PID 001-689-510 LEGAL DESCRIPTION LOT 3, BLOCK 39, PLAN VAP178, DISTRICT LOT 184, GROUP 1, NEW WESTMINSTER LAND DISTRICT YEAR BUILT 1910 ZONING RM-3A SITE SIZE 6039 SF | 49.5 x 122 Ft OCP DESIGNATION Cedar Cove Residential Core Land Use LAUNDRY Shared/Coin Operated STABILIZED YEAR 1 NOI $79,773 PRICE PER UNIT $286,875 LIST PRICE $2,295,000 | 3.47% 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_1686092157775{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 2026 Franklin Street, a boutique 8-suite apartment building in a trendy East Vancouver neighbourhood with significant upside in rents and future redevelopment potential under the Grandview-Woodland Plan.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text] Boutique 8-unit Apartment building in a trendy East Vancouver neighbourhood. Located a block north of E. Hastings Street, tenants are just steps from amenities & services, the Brewery District, a host of family run shops and transit providing convenient access to downtown and throughout Metro Vancouver. Low vacancy and strong demand for rentals in the area support the opportunity to grow the rental revenue in the building. Grandview-Woodland OCP designation provides future development potential. [/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="5318,5319,5320,5321,5322" 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]
Zoe Strayhan
April 14, 2023

Marvista Manor Apartments

[vc_row][vc_column][vc_single_image image="5349" 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_1686862620323{margin-bottom: 0px !important;}"] CIVIC ADDRESS 1235 West 70th Avenue, Vancouver, BC PID 013-782-461 YEAR BUILT 1952 SUITE MIX 9 - One Bedroom Suites SITE SIZE 7,761 Sq. Ft. OCP DESIGNATION Marpole - Hudson Apartment up to 6-storey & 2.5 FSR ZONING RM-3A NOI $116,419 | 3.5% Cap Rate LIST PRICE $3,295,000 | $170 BSF [/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_1686862704747{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 Marvista Manor Apartments offers investors the opportunity to acquire a cash-flowing apartment building with future redevelopment potential. The building is strategically located mid-block on West 70th Avenue just West of Oak Street in the growing Marpole neighbourhood on Vancouver’s westside. The property is walking distance from the South Granville Retail Commercial corridor, providing immediate access to an excellent mix of restaurants, specialty shops & services, grocery, and many other tenant-friendly amenities and convenient access to transit including the Canada line Marine Drive Station. The recent transformation of the nearby Granville Corridor and the Marine Gateway area has attracted an influx of new residents and notable retailers. Furthermore, the property is located in the Marpole Community Plan which supports redevelopment up to 6 storeys.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text] Building is attractively priced at a 3.5% Cap Rate at $170/BSF. Building is included in the Marpole OCP supporting redevelopment up to 6-storeys. Property has benefited from improvements including new windows, updated common areas and renovations to a number of suites. Marpole continues to provide one of the strongest rental markets for investors in Canada. Marpole has one of the lowest vacancy rates in all of Metro Vancouver (0.4% in 2022). Several rents in the building are below market providing upside and the opportunity to improve cash flow. [/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="5349,5351,5352,5353,5354" 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]
Zoe Strayhan
June 16, 2023