Apartment Property Sold

Garden Manor

2285 Triumph Street

LIST PRICE $6,160,000
YEAR BUILT 1971 (renovated in 2017)
BUILDING SIZE 6 Suites
SUITE MIX 13 X One Bedroom

3 X Two Bedroom

Total = 16 Suites

NOI $207,252
PRICE PER SUITE $385,000
CAP RATE 3.36%

Schedule Appointment

The Offering

CBRE Limited has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Garden Manor Apartments”. Garden Manor is a substantially renovated 3-storey plus underground parkade, 16-suite rental apartment building prominently located in the highly sought-after Grandview-Woodland Neighborhood. The Offering provides prospective investors the opportunity to increase cash flow and yield by renovating the remaining 5 un-renovated suites on turnover and increasing rents to match the rents currently being achieved within the building. Additionally, due to the property's inclusion in the recently approved Grandview-Woodland Community Plan there is significant future redevelopment opportunity.

Location

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.

Contact

LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
T +1 604 662 5141
lance.coulson@cbre.com

GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com

Walk Score

Walk Score

88

Transit Score

88

Bike Score

88

Address:
2285 Triumph Street