[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_1570838893454{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
103 N Templeton Drive & 2185 Oxford Street, Vancouver, BC
SITE SIZE
12,078 SF (combined)
SUITE MIX
103 N Templeton
2-bed 5 (total)
2185 Oxford
Studio 1
1-bed 7
Total 8
CURRENT ZONING
RM3-A
OCP DESIGNATION
Cedar Cove Residential Core Land Use
CURRENT NOI
103 N Templeton: $154,426
2185 Oxford: $128,980
CAP RATE
3.7%
LIST PRICE
$7,590,000 (Combined)
[/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"]
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[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1571159029566{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 two recently renovated rental buildings located adjacent to one another at 103 N. Templeton Drive and 2185 Oxford Street in the heart of East Vancouver. Both buildings have undergone extensive renovations including: brand new roofs & flashing systems, plumbing upgrades, improved landscaping & exterior upgrades, and condo-quality suite improvements which include stainless steel appliances.
The offering represents an opportunity to acquire an excellent cash-flow producing properties with an appealing initial cap rate, minimal deferred maintenance, and future redevelopment potential under the Grandview-Woodland Community Plan.
The two buildings are situated on a 12,078 sq.ft. corner property at Oxford Street and N. Templeton Drive in the Cedar Cove sub-neighbourhood in Grandview Woodland’s Official Community Plan (OCP), which allows for redevelopment of up to 6-storeys with a maximum density of 2.4 FSR.
The Properties are being sold as a portfolio, however the vendor will consider offers on individual properties.[/vc_column_text][vc_column_text]
103 North Templeton Drive
Contemporary 5-suite rental townhouse building comprised of large 2-storey plus basement 2-bedroom suites with individual entrance ways and full size in-suite laundry;
These large townhouses have fully renovated bathrooms and kitchens, a rare and unique rental property for tenants requiring larger units;
Extremely efficient with little to no common area and individual gas and hydro meters for each unit;
In 2018, the building received a number of capital improvements, including plumbing upgrades, extensive kitchen renovations, new flooring, and new electrical breaker panels to name a few. Please download the brochure to review the full list of updates.
2185 Oxford Street
A boutique 2-storey, 8-suite rental apartment building comprised mainly of one-bed corner suites;
An efficient building with tenants paying for their own hydro and hot water, including efficient domestic hot water tanks in each suite;
Building includes common Laundry room facilities, bike storage and 5 surface-level parking spots at the rear of the building;
In 2018, the building received a number of capital improvements which include full kitchen and bathroom renovations, brand new electrical, full re-pipe of plumbing, and extensive exterior upgrades to name a few. Please download the brochure to review the full list of updates.
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Prime East Vancouver Location
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The Subject Properties are well located in East Vancouver's trendy Hastings-Sunrise Neighbourhood, just minutes from the eclectic area known as "Port Town", offering some of the best shops, restaurants, cafes, and craft breweries in Vancouver.
The Subject Properties are situated just minutes from Downtown Vancouver, East Hastings Street and Highway 1, providing convenient access throughout Vancouver and neighboring municipalities.
With one of the lowest vacancy rates in Metro Vancouver at 0.6% (CMHC 2018), coupled with historically high occupancy & consistent appreciation in multi-family property values, The Subject Properties offer prospective purchasers with a secure long-term investment opportunity.
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[/vc_column_text][/vc_column][/vc_row][vc_row content_placement="middle"][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="3128,3129,3130,3131,3132,3133,3135,3138" img_size=""][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"]
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[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1571159029566{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_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
Senior Sales Associate
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][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1568156822162{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
155 East 19th Street, North Vancouver, BC
PARCEL IDENTIFIER
014-940-124
SITE SIZE
18,480 SF*
(131 x 141 ft)
*All measurements are approximate
SUITE MIX
14 x Bachelor
15 x 1 Bedroom
29 Suites Total
OCP DESIGNATION
Residential Level 5 - Medium Density
OCP DENSITY
2.6x FSR (1.6x base + 1.0x bonus), maximum 6-storeys
ASSESSED VALUE (2018)
$10,755,000
STATUS
FIRM DEAL
[/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"]
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[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1556663335706{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 The Wyndwood Apartments, a 3-storey, 29-Suite Rental Apartment building situated on a large 18,480 SF Site, conveniently located in the Central Londsdale neighbourhood of North Vancouver. This is an incredibly compelling opportunity in a city that features a 0.8% vacancy rate with average rental rates approaching $1,424.
The Property is conveniently located less than 200 meters away from the Lonsdale Corridor, providing access to transit and an excellent cross-section of tenant friendly amenities. The Property boasts a desirable suite mix, which includes 14 one-bedroom suites and 15 two-bedroom suites, all of which were extensively renovated in 2009 with some receiving either new kitchen cabinets or new cabinet doors, bathroom cabinets, new flooring, and some appliance replacements.
The Subject Property is designated as Residential Level 5, which is intended for Medium Density Mid-Rise Apartments under the City of North Vancouver’s Official Community Plan, providing excellent future redevelopment potential.
Lonsdale Avenue is one of the main arterial roads in North Vancouver and has some of the best amenities that the North Shore has to offer, many of which are within walking distance of the Wyndwood Apartments, including: Loblaws City Market, Browns Social House, London Drugs, Starbucks, plus number of financial institutions, fitness centers, cafes & bakeries, The Public Library, and Lions Gate Hospital just down the street.[/vc_column_text][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="image_grid" images="2763,2764,2765,2766,2767" img_size="225 x 275"][/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
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
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[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_1568156476043{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
13555 96 Avenue, Surrey, BC
PARCEL IDENTIFIER
029-902-975
YEAR BUILT
2018
SITE SIZE
49,901 Sq. Ft.*
*All measurements are approximate
SUITE MIX
125 x One Bedroom Suites
12 x One Bedroom + Den Suites
9 x Two Bedroom + Den Suites
146 Suites Total
PARKING
169 Stalls
BIKE PARKING
292 stalls + 6 visitor stalls
STATUS
FIRM DEAL
[/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 Fusion Apartments is a newly built, luxury 146-suite purpose-built rental apartment building conveniently located on "The George" in Surreys vibrant urban center, just minutes from King George SkyTrain station and an abundance of amenities.
The area is rapidly developing with a new medical technology hub, a growing financial district, and is in close proximity to some of the top post-secondary institutions, including Simon Fraser University. Fusion Apartments is conveniently located near Highway 1, connecting tenants to Downtown Vancouver in approximately 45 minutes. Additionally, King George SkyTrain station is a short walk from the property, providing convenient access to Downtown Vancouver and other municipalities along the Expo Line. With its modern design and ideal location in Surreys Urban center, Fusion truly is the perfect mix of comfort, luxury, and convenience.[/vc_column_text][vc_text_separator title="Building Features" title_align="separator_align_left"][vc_column_text]
Modern, well laid-out suites with professionally designed interiors to maximize comfort and efficiency;
Fully equipped kitchens with stainless steel appliances including refrigerators, stoves, and dishwashers, custom designed cabinetry, modern chrome pulls, white porcelain tile backsplash, and quartz counter tops;
Suite highlights include: premium wide plank laminate flooring, in-suite laundry, keyless suite entry, and spacious balconies and terraces;
Select units come with 12’ high ceilings;
European styled bathrooms are equipped with beautifully designed cabinets, polished chrome plumbing fixtures, large porcelain floor and shower wall tiles, and a spacious soaker tub;
Average suite sizes range from 484 Sq. Ft. - 1,300 Sq. Ft., with a suite mix consisting of: one-bedroom suites, one bedroom + den suites, and 2 bedroom + den suites;
3 Levels of underground parking providing a total of 169 parking stalls.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="image_grid" images="3064,3065,3066,3067" img_size="280 X 280"][/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
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
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[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_1558128356875{margin-bottom: 0px !important;}"]
CIVIC ADDRESS
9635 137th Street, Surrey, BC
PARCEL IDENTIFIER
009-708-197
SITE AREA
7,200 Sq. Ft.
*approximate
BUILDING SIZE
5,600 Sq. Ft.
LEASE TERM
10 years with 1x5 year option to renew
ADDITIONAL RENT
$9,00 per Sq. Ft.
NET OPERATING INCOME
$132,111 (years 1-3)
$134,400 (years 3-6)
$140,000 (Years 6-9)
$145,599 ( Year 10)
CAP RATE
3.77%
STATUS
FIRM DEAL
[/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"]
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[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1555372523149{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]CBRE Investment Properties Group is pleased to present the opportunity to acquire a newly constructed, free standing fully leased medical building in the heart of the new Health & Technology District in Surrey City Center, directly across from Surrey Memorial Hospital & BC Cancer Agency.
The offering comprises a free standing 3 level building with approximately 5,600 sqft. of leaseable space. 8 parking stalls dedicated at the rear of the building exclusively for customers/patients and an full service elevator.
The Subject Property is less than a six minute walk to King George Skytrain Station the building is located directly across the street from the 450,000 sqft. CC1 medical and professional three phase development. CC1 was completed in 2014 and is compromised of 180,000 sqft. Over 11 storeys of office space and ground floor retail.
The current tenant of the property is CBI Health Group - the largest provided of community healthcare services in Canada. They have signed a 10 year term with escalating net rents. The lease is fully triple net with the tenants paying all operating expenses.[/vc_column_text][vc_row_inner][vc_column_inner][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="2732,2733" img_size="365 x 275"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][vc_empty_space][/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]
LINO DEMARCHI
Sales Representative
CBRE Limited, Capital Markets
T +1 604 662 5101
lino.demarchi@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
CBRE Limited, Capital Markets
T +1 604 662 5141
lance.coulson@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][vc_column width="1/3"][vc_text_separator title="SUMMARY" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1554158709294{margin-bottom: 0px !important;}"]
STATUS
FIRM DEAL
YEAR BUILT
1964
SITE SIZE
21,600 SF
SUITE MIX
7 X One Bedroom
10 X Two Bedroom
3 X Three Bedroom
Total = 20 Suites
NOI
$170,973
PRICE PER SUITE
$220,000
CAP RATE
Current: 3.88%
Potential: 5.73%
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1539734763826{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"]
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[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1554158787382{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" el_class="property_content"][vc_text_separator title="The Offering" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Columbia Apartments,” a fully leased, well-maintained 20-suite rental apartment building conveniently located in Greater Victoria in the Township of Esquimalt. The offering represents the opportunity for investors to acquire an apartment building with an excellent suite mix with significant upside potential to increase cash-flow and yield by moving rents to market on turnover. Furthermore, Esquimalt’s OCP is currently under review and the large 21,600 Sq. Ft. property may offer future redevelopment potential.[/vc_column_text][vc_text_separator title="Location" title_align="separator_align_left"][vc_column_text]Located in the Township of Esquimalt, The Columbia Apartments is centrally located just minutes from Victoria’s vibrant downtown core, the Parliament Buildings and Victoria’s Inner Harbor. The City of Victoria is the capital of British Columbia and is located on the southern tip of Vancouver Island, overlooking the Strait of Juan de Fuca.
The property’s location also provides convenient access to Langford, one of Victoria’s fastest growing communities and benefits from being directly on public transportation providing tenants with transportation options for work and shopping. Furthermore, the property is situated directly across the street from Victoria’s infamous Galloping Goose Trail, a bicycle and pedestrian-friendly trail network connecting Langford and a number of other neighborhoods to downtown Victoria.[/vc_column_text][/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][vc_row][vc_column width="1/3"][vc_text_separator title="Contact" title_align="separator_align_left"][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_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][vc_column_text][/vc_column_text][/vc_column][vc_column width="2/3" css=".vc_custom_1524083617313{margin-top: 0px !important;margin-bottom: 0px !important;}" el_id="walkscore"][vc_row_inner el_class="walkscore"][vc_column_inner width="1/3"][vc_column_text]
Walk Score
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_walk" i_color="white" i_size="xl" css=".vc_custom_1528412942233{background-color: #0f3b46 !important;border-radius: 25px !important;}"]54[/vc_cta][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Transit Score
[/vc_column_text][vc_cta h2="" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_bus" i_color="white" i_size="xl" css=".vc_custom_1528412949994{background-color: #0f3b46 !important;border-radius: 25px !important;}"]43[/vc_cta][/vc_column_inner][/vc_row_inner][/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_1554158709294{margin-bottom: 0px !important;}"]
STATUS
FIRM DEAL
YEAR BUILT
1964
SITE SIZE
21,600 SF
SUITE MIX
7 X One Bedroom
10 X Two Bedroom
3 X Three Bedroom
Total = 20 Suites
NOI
$170,973
PRICE PER SUITE
$220,000
CAP RATE
Current: 3.88%
Potential: 5.73%
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1539734763826{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_1554158787382{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" el_class="property_content"][vc_text_separator title="The Offering" title_align="separator_align_left"][vc_column_text]The CBRE National Apartment Group has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Columbia Apartments,” a fully leased, well-maintained 20-suite rental apartment building conveniently located in Greater Victoria in the Township of Esquimalt. The offering represents the opportunity for investors to acquire an apartment building with an excellent suite mix with significant upside potential to increase cash-flow and yield by moving rents to market on turnover. Furthermore, Esquimalt’s OCP is currently under review and the large 21,600 Sq. Ft. property may offer future redevelopment potential.[/vc_column_text][vc_text_separator title="Location" title_align="separator_align_left"][vc_column_text]Located in the Township of Esquimalt, The Columbia Apartments is centrally located just minutes from Victoria’s vibrant downtown core, the Parliament Buildings and Victoria’s Inner Harbor. The City of Victoria is the capital of British Columbia and is located on the southern tip of Vancouver Island, overlooking the Strait of Juan de Fuca.
The property’s location also provides convenient access to Langford, one of Victoria’s fastest growing communities and benefits from being directly on public transportation providing tenants with transportation options for work and shopping. Furthermore, the property is situated directly across the street from Victoria’s infamous Galloping Goose Trail, a bicycle and pedestrian-friendly trail network connecting Langford and a number of other neighborhoods to downtown Victoria.[/vc_column_text][/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][vc_row][vc_column width="1/3"][vc_text_separator title="Contact" title_align="separator_align_left"][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_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][vc_column_text][/vc_column_text][/vc_column][vc_column width="2/3" css=".vc_custom_1524083617313{margin-top: 0px !important;margin-bottom: 0px !important;}" el_id="walkscore"][vc_row_inner el_class="walkscore"][vc_column_inner width="1/3"][vc_column_text]
Walk Score
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_walk" i_color="white" i_size="xl" css=".vc_custom_1528412942233{background-color: #0f3b46 !important;border-radius: 25px !important;}"]54[/vc_cta][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Transit Score
[/vc_column_text][vc_cta h2="" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_bus" i_color="white" i_size="xl" css=".vc_custom_1528412949994{background-color: #0f3b46 !important;border-radius: 25px !important;}"]43[/vc_cta][/vc_column_inner][/vc_row_inner][/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_1553617288747{margin-bottom: 0px !important;}"]
STATUS
FIRM DEAL
YEAR BUILT
1959
SITE SIZE
Approx. 8,234 Sq. Ft
SUITE MIX
11 X one-bedroom Suites
STABILIZED NOI
$147,909*
CAP RATE
4.6%
TENURE
Title will be delivered free and clear of all financial encumbrances
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1539734206241{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_1547167683164{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 has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Daytona Apartments”, a well-maintained 11-suite rental apartment building located in the highly desirable James Bay neighbourhood of Greater Victoria. The offer represents the opportunity for investors to acquire an apartment building which has benefitted from numerous capital improvements in one of the best locations in Victoria. Furthermore, there is a unique opportunity to acquire the building and immediately move the rents to market, generating an attractive initial yield for investors. Call Greg or Lance to learn more.
*Owner occupying 3 units and renting 3 furnished on a minimum 30 day rentals. Owner will provide these 6 units vacant or shortly after closing and stabalized NOI is based on releasing these units at market rents of $1,450/m[/vc_column_text][vc_text_separator title="Prime Victoria Location" title_align="separator_align_left"][vc_column_text]The Daytona Apartments is located in the City of Victoria, the capital of British Columbia, on the southern tip of Vancouver Island overlooking the Strait of Juan de Fuca. Situated in James Bay, Victoria’s oldest neighbourhood, this highly coveted location is known for its lively waterfront and charming Victorian houses. The Daytona Apartments is centrally located just minutes from Victoria’s vibrant downtown core, the Parliament Buildings and Victoria’s Inner Harbor. Furthermore, the building is just steps from Beacon Hill Park and the Dallas Rd Waterfront Trail, and is a short walk from the James Bay commercial hub centered at the intersection of Menzies and Simcoe Streets, offering tenants easy access to recreation, amenities and transit. The buildings’ highly desirable location, proximity to Downtown Victoria, the legislature Buildings and convenient access to recreation and amenities ensures it will continue to attract and retain quality tenants for years to come.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
[/vc_column_text][vc_row_inner el_class="walkscore"][vc_column_inner width="1/4"][vc_column_text]
Walkers Paradise
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_walk" i_color="white" i_size="xl" css=".vc_custom_1553712770010{background-color: #0f3b46 !important;border-radius: 25px !important;}"]
71
[/vc_cta][/vc_column_inner][vc_column_inner width="1/4"][vc_column_text]
Vacancy Rate
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-home" i_color="white" i_size="xl" css=".vc_custom_1553712777527{background-color: #0f3b46 !important;border-radius: 25px !important;}"]
0.5%*
[/vc_cta][/vc_column_inner][vc_column_inner width="1/4"][vc_column_text]
Est. Population
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-people_outline" i_color="white" i_size="xl" css=".vc_custom_1547169497638{background-color: #0f3b46 !important;border-radius: 25px !important;}"]
55,261**
[/vc_cta][/vc_column_inner][vc_column_inner width="1/4"][vc_column_text]
Rented Dwellings
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_icon_fontawesome="fa fa-percent" i_color="white" i_size="xl" css=".vc_custom_1553712786292{background-color: #0f3b46 !important;border-radius: 25px !important;}"]
56.6%**
[/vc_cta][/vc_column_inner][/vc_row_inner][vc_column_text]*CMHC Victoria Rental Market Report | **Within 3 km of the Subject Property[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Property Photos" title_align="separator_align_left"][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="image_grid" images="2482,2483,2474,2476,2478,2479,2480,2481" img_size="275 x 275"][/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
Senior Sales Associate
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][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1533858320055{margin-bottom: 0px !important;}"]
STATUS
FIRM DEAL
BUILDING SIZE - 2154 Dundas St
11,395 Sq. Ft.
BUILDING SIZE - 2164 Dundas St
6,039 Sq. Ft
CURRENT IMPROVEMENT
2154 Dundas St - 18 Suite Apartment Building
2164 Dundas St - 3 Suite Rental House
CURRENT ZONING
RM-3A Multi Family Dwelling
OCP DESIGNATION
Cedar Cove Dundas Shopping Node Land Use
INCOME IN PLACE
Contact Agents for Details
[/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1523989131941{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"]
Schedule Appointment
[/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1533858539945{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" el_class="property_content"][vc_text_separator title="The Offering" title_align="separator_align_left"][vc_column_text]The offering consists of two separate properties (herein referred to as the “Property”) which includes a three storey, 18-suite rental apartment building at 2154 Dundas Street and a 3-suite rental house located at 2164 Dundas Street, providing a good holding income.
2154 Dundas Street contains 18 suites and recently underwent an extensive retrofit which included updated plumbing and electrical and is currently 100% occupied.
2164 Dundas Street is a rental house containing 3 self-contained two and three bedroom suites. The property has a new roof, some interior improvements and is currently vacant, providing the purchaser with flexibility while considering redevelopment.[/vc_column_text][vc_text_separator title="Location" title_align="separator_align_left"][vc_column_text]
Strategically located on the Southwest corner of Templeton Drive and Dundas Street in the heart of East Vancouver’s trendy Grandview-Woodland Neighborhood.
The Subject Property is situated just minutes from Downtown Vancouver, East Hastings Street and Highway 1, providing quick and easy access throughout Vancouver and neighboring municipalities.
Located in the rapidly transitioning Port Town, just a few short blocks from the Hastings-Sunrise neighborhood providing access to a host of tenant-friendly amenities.
The Property enjoys excellent public transit service with a Translink bus stop situated immediately in front of the building providing tenants, businesses and their clients with direct access to Downtown Vancouver and reliable transportation throughout Metro Vancouver.
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 and Tacofino Commissary, which are all located in close proximity to the Subject Property.
[/vc_column_text][/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][vc_row][vc_column width="1/3"][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_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_column_inner width="1/2"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width="2/3" css=".vc_custom_1524083617313{margin-top: 0px !important;margin-bottom: 0px !important;}" el_id="walkscore"][vc_row_inner el_class="walkscore"][vc_column_inner width="1/3"][vc_column_text]
Walk Score
[/vc_column_text][vc_cta h2="Walk Score" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_walk" i_color="white" i_size="xl" css=".vc_custom_1533858449644{background-color: #0f3b46 !important;border-radius: 25px !important;}"]90[/vc_cta][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Transit Score
[/vc_column_text][vc_cta h2="" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_bus" i_color="white" i_size="xl" css=".vc_custom_1533858462435{background-color: #0f3b46 !important;border-radius: 25px !important;}"]71[/vc_cta][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text]
Bike Score
[/vc_column_text][vc_cta h2="" txt_align="center" el_width="sm" add_icon="top" i_type="material" i_icon_material="vc-material vc-material-directions_bike" i_color="white" i_size="xl" css=".vc_custom_1533858472057{background-color: #0f3b46 !important;border-radius: 25px !important;}"]92[/vc_cta][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="image_grid" images="1706,1707,1708,1709,1710"][/vc_column][/vc_row]
[vc_row][vc_column][vc_text_separator title="Sales Details"][/vc_column][/vc_row][vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2" el_class="property_content"][vc_column_text]
Single Property Transaction comprising:
2 x 24-storey concrete rental towers | 2 x 8-storey concrete rental towers | Combined 528 rental units | 50,000 Sq. Ft. of Retail Space | Situated on large 7.29 acre site
Lougheed Village Apartments comprised one of the largest single multi-family property transactions in British Columbia's history. Lougheed Village Apartments is situated on a large 7.39 acre site, originally constructed in 1973 as a mixed-used development consisting of two 24-storey and two 8-storey concrete rental towers with a combined total of 528 suites. The subject property is also improved with a 50,123 Sq. Ft. 2-storey retail shopping village, indoor pool & hot tub, it's own lake "Willows Lake", and a variety of lush gardens, and a multi-level parkade with approximately 900 secured parking stalls.
Lougheed Village Apartments is located in the City of Burnaby, just steps from Lougheed Town Center mall & Skytrain Station. The Property enjoys easy access to both Lougheed Highway and Highway 1, and is ideally situated in close proximity to schools, parks, Cameron Public Library & Community Center, and a variety of amenities.
The National Apartment Group - BC brought in the purchaser and represented the vendor in this successful off-market transaction.
This property transaction was featured in www.bisnow.com[/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_text_separator title="Contact" title_align="separator_align_left"][/vc_column][/vc_row][vc_row][vc_column 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][vc_column width="1/3"][vc_column_text]
GREG AMBROSE
Senior Sales Associate
T +1 604 662 5178
greg.ambrose@cbre.com
[/vc_column_text][/vc_column][vc_column width="1/3"][vc_column_text][/vc_column_text][/vc_column][/vc_row]
