Apartment Property Sold

Manhattan Apartments

Summary

CIVIC ADDRESS 825 E8th Avenue, Vancouver, BC
AVERAGE RENT / SF $3.18 / SF
SUITE SIZE RANGE 411 - 709 SF
SUITE MIX
Bachelor  6
One Bed 13
One Bed + Den 19
Two Bed 3
Total 41
SITE SIZE 20,130 SF
*approx & subject to verification
YEAR BUILT 1969: Updated in 2019 & 2020
STATUS SOLD

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The Opportunity

The CBRE National Apartment Group - BC  has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Manhattan Apartments”, a substantially renovated 3-storey plus underground parkade, 41 suite rental apartment building prominently located in Vancouver’s highly desirable Mount Pleasant neighborhood. The Manhattan Apartments is in close proximity to an abundance of tenant friendly amenities and just steps from both the VCC Clark SkyTrain Station and the future SkyTrain Station that will be situated along Great Northern Way, just a few blocks east of the intersection at 2nd & Main Street.

Location Highlights

The Manhattan Apartments is prominently located mid-block on the north side of East 8th Avenue between Prince Albert & St. Catherine’s Streets in the heart of Vancouver’s highly desirable Mount Pleasant Neighborhood. The Property is in close proximity to an excellent cross section of tenant friendly amenities including; numerous retail shops & services, a variety of local restaurants on East Broadway, Main Street & Commercial Drive and is strategically positioned within a few short blocks from the VCC Clark SkyTrain Station on Keith Drive and the future rapid transit SkyTrain Station that is to be located three blocks east of Main Street & 2nd Avenue intersection on Great Northern Way. The Manhattan Apartments enjoys a premiere location in the city with a cross section of tech, arts, parks, schools and campuses all within walking distance that provide tenants with a central and highly desirable location to call home. The immediate area has also transformed into the Tech Hub of Vancouver attracting such high profile business such as; Lululemon, Cinesite, WeWork and Hootsuite that are attracting new employment and have been the catalysts for many of the high tech new office developments that have been completed or are underway

Investment Highlights

  • SIGNIFICANT BUILDING CAPITAL UPGRADES: The Manhattan Apartments was substantially renovated in 2019 & 2020 to a high standard with a number of significant building improvements such as: a new torch on roof, double glazed windows and sliders, deck and railing improvements and extensive plumbing upgrades that combined will minimize the requirement for any major future capital expenditures in the immediate future;
  • DESIRABLE MOUNT PLEASANT LOCATION: Prominently situated in the heart of the thriving Mount Pleasant neighborhood, which is highly regarded as one of Vancouver’s most desirable neighborhoods for families and young professionals. The building is within walking distance to a cross section of tenant friendly amenities, SkyTrain and an emerging technology hub that together will attract and retain quality tenants to the building for the years to come;
  • CONDO QUALITY FINISHES & IMPROVEMENTS: Common areas and 40 of 41 suites have been improved to condo quality standards with attractive open suite layouts that feature high end finishes, stainless steel appliances and generous sized balconies or patios.

LOCATION MAP

Property Photos

Address:
825 E 8th Ave, Vancouver, BC