[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]
[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]
[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]
[vc_row full_width="stretch_row"][vc_column][vc_single_image image="5680" 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_1698709719645{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
222 Rosehill Street, Nanaimo, BC
SUITE TOTAL
24
SUITE BREAKDOWN
3-Bachelors
21-One Bedrooms
SITE SIZE
17,394 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 present the opportunity to acquire The Regency Manor Apartments in Nanaimo, BC. The 3-storey apartment building is improved with 24-suites and is located a block from the Nanaimo Harbourfront and just minutes from Downtown Nanaimo.
Originally constructed in 1974 and situated on a 17,424 Sq.Ft. lot, the property has recently benefited from a number of capital improvements.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]EXCELLENT LOCATION: The property's central location and close proximity to Downtown Nanaimo and the Nanaimo Harbourfront
CAPITAL IMPROVEMENTS: Extensive capital has been invested into the building;
WELL-MAINTAINED ASSET: The building has been well-maintained, offering a prospective purchaser less work to do upon acquisition[/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="5680" 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]
[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]
[vc_row full_width="stretch_row"][vc_column][vc_single_image image="4717" 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_1665509315683{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
1265 Cardero Street, Vancouver, BC
SUITE TOTAL
26
CAPITAL IMPROVEMENT
The building's roof was replaced, complete update; modernization to the elevator, boiler; holding tank replacement, front entrance lobby; exterior building upgrade and updates to a cross section of suites as required.
YEAR BUILT
1956
LOT SIZE
8,646 SF (approx.)
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_1645123898094{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 present the opportunity to acquire an extensively upgraded apartment building in Vancouver, British Columbia comprising of 26 suites on 1265 Cardero Street. The building has had a number of recent upgrades with the roof being replaced, a complete update & modernization to the elevator, front entrance lobby, boiler & holding tank replacement, exterior building upgrade, and updates to a cross section of suites as required.
The building is located in the highly desirable neighborhood on the southwest corner of Cardero and Burnaby Streets in the heart of Vancouver's prestigious West End Neighbourhood and steps away from English Bay. [/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="4717,4718" 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]
KEVIN MURRAY
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@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]
[vc_row full_width="stretch_row"][vc_column][vc_single_image image="4585" 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_1655241732348{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
1621 St. Georges Avenue, North Vancouver, BC
SUITE TOTAL
14
CAPITAL IMPROVEMENT
The building was re-piped, a new IBC high-efficiency boiler installed, and an extensive three suite legalization and renovation to the ground floor
YEAR BUILT
1965
LOT SIZE
9,285 SF (approx.)
OCP DESIGNATION
Residential Level 5 (Medium Density)
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_1645123898094{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 present the opportunity to acquire an extensively upgraded apartment building in North Vancouver, British Columbia comprising of 14 suites on 1621 St. Georges Avenue. The building has had a number of recent upgrades with the building was re-piped in 2013*, a new IBC high-efficiency boiler installed in 2019*, and an extensive three suite legalization/renovation to the ground floor where the space was taken down to studs and rebuilt in 2013* to code. (*approximate date of work)
The building is located in the highly desirable neighborhood of Central Lonsdale in the City of North Vancouver and steps away from Loblaws City Market. It is also slated for higher densities as described in the CNV Official Community Plan.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]EXCELLENT LOCATION: The property's central location and close proximity to Lower Lonsdale and the Lonsdale Quay provide convenient access to the SeaBus Station and Downtown Vancouver. The location also offers an abundance of tenant-friendly amenities such as grocery shopping in Whole Foods Market & Loblaws City Market as well as a variety of cafes and excellent restaurants;
VALUE-ADD OPPORTUNITY: With many of the rents significantly below market, the property provides investors with a value-add opportunity to significantly increase cash flow by raising rents to market upon turnover through a renovation program;
CAPITAL IMPROVEMENTS: Extensive capital has been invested into the building;
REDEVELOPMENT PROSPECT: The building is slated for higher densities under the current City of North Vancouver Official Community Plan which outlines a 2.60 floor space ratio for new rental residential buildings.[/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="4584,4585,4586" 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]
KEVIN MURRAY
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@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]
[vc_row full_width="stretch_row"][vc_column][vc_single_image image="4717" 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_1665509315683{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
1265 Cardero Street, Vancouver, BC
SUITE TOTAL
26
CAPITAL IMPROVEMENT
The building's roof was replaced, complete update; modernization to the elevator, boiler; holding tank replacement, front entrance lobby; exterior building upgrade and updates to a cross section of suites as required.
YEAR BUILT
1956
LOT SIZE
8,646 SF (approx.)
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_1645123898094{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 present the opportunity to acquire an extensively upgraded apartment building in Vancouver, British Columbia comprising of 26 suites on 1265 Cardero Street. The building has had a number of recent upgrades with the roof being replaced, a complete update & modernization to the elevator, front entrance lobby, boiler & holding tank replacement, exterior building upgrade, and updates to a cross section of suites as required.
The building is located in the highly desirable neighborhood on the southwest corner of Cardero and Burnaby Streets in the heart of Vancouver's prestigious West End Neighbourhood and steps away from English Bay. [/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="4717,4718" 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]
KEVIN MURRAY
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@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]
[vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFd2luZG93LmxvY2F0aW9uLnJlcGxhY2UlMjglMjJodHRwcyUzQSUyRiUyRmNicmV2YW5jb3V2ZXIuY29tJTJGdHdpbmxha2VzdG93bmhvbWVzJTJGJTIyJTI5JTNCJTNDJTJGc2NyaXB0JTNFJTBB[/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_1647291940278{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
3701 Princess Avenue, North Vancouver, BC
UNIT TOTAL
57 Units
STATUS
Firm Deal
[/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_1633633381296{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}"] Brochure Download[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]Situated in a private oasis in the heart of the North Shore mountains, Twin Lakes Townhomes is ideally located in the Upper Lonsdale neighborhood of North Vancouver in close proximity to both the Lonsdale Commercial corridor and the abundance of shops and services provided in the Lynn Valley Town Centre.
The Twin Lakes Townhomes is a large scale townhome rental complex consisting of 7 separate buildings with a total of 57 townhouse rental units. The townhouse’s are a mix of large 2 and 3 bedroom family oriented suites with each unit comprising a private fenced yard, patios and a 2 vehicle carport with secured storage. Twin Lakes is situated on an immaculate 9.43 acre landscaped land parcel that provides private nature paths, bridges over lakes and offers a secure and heated swimming pool on the property for tenant enjoyment.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="LOCATION MAP (CLICK TO ENLARGE)" title_align="separator_align_left"][vc_gallery type="image_grid" images="4382" img_size=""][/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="4386,4450,4452,4454,4451,4385,4384,4383,4456,4455,4453" 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
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[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text css=".vc_custom_1646960877350{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
220 East 12th St, North Vancouver, BC
SUITE TOTAL
11
CAPITAL IMPROVEMENT
Building Re-Piped, Drain-tile replaced, New water & storm hook up, New IBC boiler
YEAR BUILT
1958
LOT SIZE
8,044 SF (approx.)
OCP DESIGNATION
Residential Level 5 (Medium Density)
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_1645123098791{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 present the opportunity to acquire a well-located apartment building in North Vancouver, British Columbia comprising of 11 suites on 220 East 12th Avenue. The building has been well maintained and upgraded in a first-class manner with extensive capital invested over the past several years: exterior drain tile being completely replaced, including a new hook up to the CNV stormwater system, a new IBC high-efficiency boiler is installed, and the building was completely re-piped.
The building is located in the highly desirable neighborhood of Central Lonsdale in the City of North Vancouver and steps away from Lions Gate Hospital and Whole Foods Market. It is also slated for higher densities as described in the CNV Official Community Plan.[/vc_column_text][vc_text_separator title="Investment Highlights" title_align="separator_align_left"][vc_column_text]EXCELLENT LOCATION: The property's central location and close proximity to Lower Lonsdale and the Lonsdale Quay provide convenient access to the SeaBus Station and Downtown Vancouver. The location also offers an abundance of tenant-friendly amenities such as grocery shopping in Whole Foods Market & Loblaws City Market as well as a variety of cafes and excellent restaurants;
VALUE-ADD OPPORTUNITY: With many of the rents significantly below market, the property provides investors with a value-add opportunity to significantly increase cash flow by raising rents to market upon turnover through a renovation program;
CAPITAL IMPROVEMENTS: Extensive capital has been invested into the building;
REDEVELOPMENT PROSPECT: The building is slated for higher densities under the current City of North Vancouver Official Community Plan which outlines a 2.60 floor space ratio for new rental residential buildings.[/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="4564,4582,4581" 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
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KEVIN MURRAY
Senior Sales Associate
T +1 604 662 5171
kevin.murray4@cbre.com
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