Apartment Property For Sale

2525 Birch Street Apartments

Summary

CIVIC ADDRESS 2525 Birch Street, Vancouver, BC
PID 003-675-980 and 003-675-998
CURRENT IMPROVEMENT 4 storey, rental apartment building substantially retrofitted 2012/2013
SUITE TOTAL 17
LOT SIZE  8,000 SF (approx.)
ZONING RM-3; Multiple Family Dwelling
NEW PRICE $9,180,000

The Opportunity

The CBRE National Apartment Group-BC is pleased to present the unique opportunity to acquire 2525 Birch Street, Vancouver; a newer vintage, extensively retrofitted, 4-storey, 17 suite rental apartment building centrally located just a half a block south of the intersection of Birch & West Broadway in close proximity to 2 future SkyTrain stations. The subject property is only a five-minute drive from Downtown Vancouver and is more prominently situated in the heart of the prestigious Fairview Neighborhood, long regarded as one of the strongest rental markets in Canada!

This is an opportunity for prospective purchasers to acquire a newer value-add rental apartment building that has already received extensive capital improvements and, given its strategic location just off W Broadway, is well-positioned to benefit from the future Millennium Line Broadway SkyTrain extension that will have stations just steps from the property on the intersections of both Oak and Granville Streets.

Investment Highlights

Prime Westside Location: Located 1/2 block off the W Broadway Commercial Corridor, tenants of 2525 Birch Street are just steps to transit, amenities, the Granville Retail corridor, 3 blocks from the Vancouver General Hospital and just a 5-minute drive from Downtown Vancouver...!

Newer Building with Extensive Updates: Originally built in 1989, the building underwent extensive upgrades in 2012 / 2013 including a new torch-on roof, complete exterior envelope with new rainscreen & siding, new windows, new sliders, new balconies, and new railings. The building was also re-piped at the same time, thus minimizing any major capital expenditure items for an investor in the near future.

SkyTrain Millennium Line Broadway Extension: Located just steps from W Broadway and a short walk from two future Skytrain Stations at Granville and Oak Streets, 2525 Birch Street is well-positioned to benefit from the Millennium Line Broadway Extension which is scheduled for completion in 2025.

Rental Income Upside: With many of the suites at below-market rents, there is a significant income upside opportunity to modernize the suites upon turnover and re-lease at market rents.

LOCATION MAP (CLICK TO ENLARGE)

Property Photos

Address:
2525 Birch St, Vancouver, BC