1415 St. Georges Avenue

Transcription

1 For Sale: Completely renovated stratified rental building 1415 St. Georges Avenue north vancouver, bc Simon LIm* James lang Jessica Hathaway

2 key highlights > > Opportunity to purchase a stratified mixed-use building with 72 residential units and five commercial units > > Currently held under common ownership and being utilized on a rental basis > > The entire building was completely renovated by one of Metro Vancouver s most prestigious developers in 2014, providing long-term, lasting value > > Located in North Vancouver s Central Lonsdale area just across the street from Lion s Gate Hospital

3 salient facts Civic Address: Legal Address: Location: Land Size: Zoning: Improvements: # Residential Units: 1415 St. Georges Avenue, North Vancouver, BC SL 1-77 District Lot 549 Group 1 New Westminster District Strata Plan EPS2151; Together With An Interest in the Common Property The Property is situated on the north west corner of East 14th Street and St. Georges Avenue in North Vancouver s Central Lonsdale Area. 24,475 SF CD-79 The site is improved with an 11-storey mixed use residential/commercial building consisting of 72 residential suites, and 5 commercial units. Originally constructed in 1985, the building was completely renovated in late Junior One-Bedroom Suites 10 One-Bedroom Suites 26 One-Bedroom plus Den Suites 20 Two-Bedroom Suites 6 Two-bedroom plus Den Suites Parking: Total SF (Strata Plan): Commercial Tenants: Net Operating Income: Property Taxes (2015): Assessed Value (2016): Mortgage: 87 residential stalls; 26 commercial stalls Residential: 50,012 SF Commercial: 5,386 SF Total: 55,398 SF Davies Pharmacy, Element Nails, Kim s Cafe, Four Star Hair Design, Lewis & Cheung Denture Services $1,229,491 Residential: $118,326 Commercial: $43,290 Total: $161,616 Total: $31,254,800 Lender: First National Financial GP Corporation Principal Amount: $19,034, Commencement Date: July 1, 2015 Interest Rate: 2.55% per annum Term: 120 months (10 years) Monthly payment: $75,573.00

4 Lonsdale Avenue St. Georges Avenue Victoria Park

5 Mackay Rd Fell Ave Bewicke Ave Forbes Ave Jon Chesterfield Ave Lonsdale Ave St.georges Ave TM St David s Ave 23rd St W 1 23rd St E Greenwood Park Lynn Valle Heywood Park Grand Blvd 16th St W Carson Rd Mahon Park BROWNS SOCIALHOUSE restaurant. bar. socialize St. Andrews Ave Ridgeway Ave Moody Ave Grand Blvd Sutherland Ave 13th St E Harbourside Dr Mahon Ave Seabus Terminal 3rd St W Esplanade E Chesterfield Ave Lonsdale Ave St. Georges Ave Keith Rd E St. Andrews Ave 10th St E Keith Rd E 6th St E 5th St E 3rd St E Hendry Ave nearby amenities Food: services: Blenz Coffee Lions Gate Hospital Browns Socialhouse City Hall Nando s Chicken City Library Tim Hortons TD Canada Trust Subway She s Fit Gym JJ Bean Dumalo Optometrists shopping: Loblaws Shoppers Drug Mart Home Hardware Anna s Fresh Produce North Shore Athletics Bellissima Lower Level Rd E Several buses available just one block from the property, 14 minutes to the Lonsdale Quay Sea Bus terminal and 33 minutes to Downtown Vancouver via public transportation

6 1415 St. Georges Avenue north vancouver, BC Simon LIm* James lang Jessica Hathaway COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.