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2383-2385 West 49th Avenue

[vc_row][vc_column][vc_single_image image="5778" img_size="full"][/vc_column][/vc_row][vc_row][vc_column width="1/2"][vc_text_separator title="Summary" el_id="offering"][vc_column_text css=".vc_custom_1730502056697{margin-bottom: 0px !important;}" el_id="property_grid"] CIVIC ADDRESS 2383 West 49th Avenue 2385 West 49th Avenue LEGAL DESCRIPTION LOT M, BLOCK 1, PLAN VAP22055, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT, OF LOT 4 LOT L, BLOCK 1, PLAN VAP22055, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT, OF LOT 4 PIDS 013-188-135 013-188-101 SITE SIZE 9,085 SF (approximately) 9,100 SF (approximately) COMBINED SITE SIZE Combined Site Size: 26,632 (aprox.) Combined Arterial Frontage: 164 Feet Combined Site Size: 26,632 (aprox.) Combined Arterial Frontage: 164 Feet ZONING R1-1 (Rental Inclusive Zone) R1-1 (Rental Inclusive Zone) MAXIMUM POTENTIAL DENSITY Up to 2.4 FSR Market Rental Up to 6 Storeys Up to 2.4 FSR Market Rental Up to 6 Storeys CURRENT USE Single Family Dwelling  Single Family Dwelling FINANCING Assume Clear Title Assume Clear Title STATUS $ 5,200,000 $ 5,200,000 [/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_1721333494640{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="1/2"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]This opportunity presents an developer with a rare chance to acquire a highly desirable redevelopment site in highly sought after and trending neighbourhood in Vancouver. The Subject Property consists of two single family lots with the potential to acquire the third neighbouring single family lot. The property is designated under the City of Vancouver Secured Rental Policy (SRP) supporting rezoning consideration for 100% residential rental projects up to 2.4x FSR & up to 6 Storeys.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]+ SURROUNDED BY AMENITIES AND SEVICES: Superior walkability to restaurants, lifestyle amenities and services within the Kerrisdale Village neighbourhood. + LANDMARK DEVELOPMENT OPPORTUNITY: Prime development opportunity in a rapidly growing area 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="5780,5781,5778,5779" 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_column_inner width="1/3"][vc_column_text] SIM WARAICH Transaction Manager T +1 604 662 5179 sim.waraich@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]
Sim Waraich
July 18, 2024

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]
Sim Waraich
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]
Sim Waraich
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]
Sim Waraich
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]
Sim Waraich
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]
Sim Waraich
June 16, 2023

Oslo on Fifth

[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]
Sim Waraich
October 3, 2022

Lincoln Apartments

[vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGbGluY29sbmFwYXJ0bWVudHMlMkYlMjIlMjklM0IlM0MlMkZzY3JpcHQlM0UlMEE=[/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]
siteadministrator
May 2, 2022

Parque on Park Apartments

[vc_row disable_element="yes"][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGcGFycXVlLW9uLXBhcmslMkYlMjIlMjklM0IlM0MlMkZzY3JpcHQlM0U=[/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_1692137206423{margin-bottom: 0px !important;}"] CIVIC ADDRESS 20449 Park Avenue, Langley, BC YEAR BUILT 2022 # OF SUITES 93 SALE DATE May 2023 SALE PRICE $53,700,000 [/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="TRANSACTION DETAILS" title_align="separator_align_left"][vc_column_text]Brand New Purpose-Built 6-storey 93-suite apartment building located in one of B.C.'s hottest growth markets, Langley The Parque on Park Apartments is a luxury apartment building that is highly amenitized with a rooftop patio, ground floor lounge, private fitness centre, off-leash dog park and secure underground parking with EV charging stations Prime location in Langley minutes from the future SkyTrain station at 203rd Street and Fraser Highway Our team leveraged our many years of experience in producing a market-setting transaction that both parties were very pleased with.[/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="4765,5604,5603,5605,5608,5610,5612" 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]
Sim Waraich
January 17, 2023