830 East 6th Avenue, Vancouver BC
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CIVIC ADDRESS
830 East 6th Avenue
LEGAL DESCRIPTION
LOT 4, BLOCK 98, PLAN
VAP449, DISTRICT LOT 264A,
NEW WESTMINSTER LAND
DISTRICT, EXC S 10 FT NOW
LANE, & PL 1771
PIDS
012-849-324; 012-849-341
SITE SIZE
8,052 SF (approximately)
YEAR BUILT
-
ZONING
RM-4
MAXIMUM POTENTIAL DENSITY
6.5 FSR market rental
(at least 20% of the net residential floor area is secured at below market rents)
CURRENT STOREYS
3
RENTAL UNITS
12
FINANCING
Assume Clear Title
HOLDING INCOME
Contact Agent
LIST PRICE
Contact Agents for Details
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Schedule A Phone Consultation
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1720813208974{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]This opportunity presents an investor/developer with a rare chance to acquire a highly desirable redevelopment site in a highly sought after and trending neighborhood in Vancouver.
The Subject Property consists of a three-storey wood-frame rental apartment building with 12 units. It is located in the Broadway Plan area, and within walking distance to the VCC Clark SkyTrain station and the future Greater Northern Way
and Mount Pleasant SkyTrain Stations on the Millennium Line Broadway Extension. This project will significantly enhance the city’s transit connectivity from VCC Clark Station to Arbutus Station, with a multi-billion dollar investment.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ SURROUNDED BY AMENITIES AND SEVICES: The Mount Pleasant neighbourhood of Vancouver is rapidly growing, with an abundance of amenities and services attracting tenants looking for trendy cafes to restaurants, boutique shops, and dynamic local businesses.
+ LANDMARK DEVELOPMENT OPPORTUNITY: Prime development opportunity in a rapid growing are where demand is outstripping supply and purpose built rentals remain a highly sought-after asset for investors to acquire.
+ STRONG FUNDAMENTALS: Canadian multi-family is one of the largest residential under-supply issues amongst G7 nations with immigration driving record population growth across Canada. British Columbia’s population grew by 2.5% or 129,000 and Vancouver’s by 2.8% or approximately 78,000 last year. Affordability challenges combined with lack of housing and record population growth are leading to near zero vacancy levels and putting upward pressure on rents creating extremely strong market fundamentals for purpose built rental.[/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="5760,5761,5762" 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
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LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com
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[/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.
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July 12, 2024