[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_1610989829550{margin-bottom: 0px !important;}"] CIVIC ADDRESS 1741 Kootenay Avenue, Prince Rupert, BC PID 028-625-137 SITE SIZE 1.94 Acres OCCUPANCY 100% HYDRO/HOT WATER Individual hot water tanks in each suite, paid for by the tenants HEATING Electric baseboard PARKING 49 covered + additional surface stalls STABILIZED NOI  $239,335 CAP RATE 6.25% STATUS Film Deal TENURE Title will be delivered free and clear of all financial encumbrances [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1539734131148{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}" el_class="schedule_appointment"] Request More Information [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1581627606734{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="Investment Highlights" title_align="separator_align_left"][vc_column_text] Opportunity to acquire The Four Winds Apartments, a 100% leased positive cashflow producing multi-family rental apartment building with scale, centrally located in Prince Rupert, British Columbia; Contemporary 48-suite rental apartment building situated on on nearly 2 acres, with large suites and an excellent suite mix comprised of 70% 2-bedrooms units with balconies and large in-suite storage; Attractive 6.25% Cap Rate on the List Price with upside in a number of the rents upon turnover; The building is fully occupied with a long-term onsite building manager; The Four Winds Apartments is located in Prince Rupert, a port city on the North Coast of British Columbia with the deepest natural harbor in North America and offering the shortest shipping routes to Asia; The Government of Canada has announced financial investments totaling more than $150 million through its National Trade Corridors Fund to support three critical infrastructure projects to facilitate further growth and trade development; Title will be delivered free and clear of all financial encumbrances, allowing prospective purchasers to capitalize on the current historically low interest rate environment; The offering provides investors with over a 12-14% return* on equity when factoring principal reduction, with further opportunity to increase cash flow in a city poised to benefit from Canada’s growing global trade. *Based on recent debt quote. [/vc_column_text][vc_single_image image="3177" img_size="large"][/vc_column][/vc_row][vc_row][vc_column width="1/2"][vc_column_text] Prince Rupert: Where Modern City Meets Coastal Living [/vc_column_text][vc_column_text]Home to approximately 13,000 people, Prince Rupert is a beautiful and well-established coastal city in Northern BC. Framed and protected by coastal mountains and islands, Prince Rupert has the world’s second deepest natural ice-free harbour, with a modern cruise ship terminal and a new expanding container terminal that transports goods between Asia & the rest of North America. The Four Winds Apartments is well located just minutes from the Downtown Core, which is home to major retailers including: Safeway, Save-on-foods, Walmart, and BC Liqour Store, as well as a number of local artisan shops, seafood restaurants, cafes, and pubs. The property is also located just 3 minutes away from the Via Rail Station, BC Ferry Station, and the Digby Island Airport Ferry. Prince Rupert is accessible by daily flights from Vancouver, VIA Rail along their northern route from Jasper, BC Ferries from Port Hardy up the Inside Passage route, and by road from Smithers or Terrace, a route often cited as one of the most scenic drives in Canada. Due to the Asia Pacific Gateway Initiative and highly efficient road and rail network in the North West Transportation Corridor, the Port City of Prince Rupert is positioned to link Asian economies to North America’s consumer heartland and is on the brink of vibrant economic growth.[/vc_column_text][/vc_column][vc_column width="1/2"][vc_single_image image="3180" img_size="large"][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_empty_space height="20px"][/vc_column_inner][/vc_row_inner][/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="3179,3178" img_size="medium"][/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_column_inner width="1/3"][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]