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The Louise Court Apartments

Summary

CIVIC ADDRESS 1777 Frances Street, Vancouver, BC
PID 015-164-055
SUITE MIX One-Bed      27
Bachelor      32
Total =       59
SITE SIZE 26,840 SF (220' x 122')

*approx & subject to verification
NET RENTABLE AREA 32,519 SF
CURRENT ZONING RM-4
OCCUPANCY 100% Leased
PARKING 59 Underground Stalls
STABILIZED NOI $496,890
LIST PRICE $18,495,000
($313,475/suite)

The Opportunity

The CBRE National Apartment Group - BC is pleased to present the opportunity to acquire the 100% interest in the Louise Court Apartments, a fully leased & well-maintained 3-storey 59-suite rental apartment building with secured underground parking situated on a large corner lot in the heart of East Vancouver, just steps from the vibrant Commercial Drive & Port Town neighbourhoods and only minutes from Downtown Vancouver.

The property comprises an excellent suite mix of spacious one-bedroom suites and large bachelor suites (ranging from 438 - 554 SF), many of which could potentially be converted into junior one-bedroom suites as an opportunity to further increase overall return on investment.

Property Photos

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