16 UNIT - LUXURY CONCRETE APARTMENT BUILDING WEST DOWNTOWN VANCOUVER STANLEY PARK Lions Gate Bridge ay hw Hig 99 PARK ROYAL AMBLESIDE PARK Marine Drive SUBJECT SITE MICHAEL HECK 604 398 4379 mheck@form.ca *Personal Real Estate Corporation DAVID MORRIS* 604 638 2123 dmorris@form.ca
OPPORTUNITY The property is a first class 16 suite concrete rental apartment building located in one of Canada s most affluent communities. In close proximity to Ambleside Park, Capilano River, Park Royal Shopping Centre and the Lions Gate Bridge. The property s location is unparalleled. INVESTMENT HIGHLIGHTS The improvement is 4 stories (plus basement) and concrete construction originally developed by Millenium in 2007 The building is in excellent condition with incredible curb appeal 100% occupied West Vancouver multi family assets are rarely made available Located seconds away from Park Royal Shopping Centre, one of British Columbia s largest malls and home to Whole Foods, City Market and a host of other first class retailers In close proximity to West Vancouver s world famous seawall and Ambleside Park 15 secure underground parking stalls 13 contained storage units 24 hour security surveillance and state of the art access technology Clean, spacious suites featuring additional dens Ideal mix of 1 and 2 bedroom suites as each floor contains 3 one-bedroom units and 1 two-bedroom unit, plus the addition of a den in each suite Elevator service to all floors (restricted access) Separate house meters for direct tenant billing 7 minutes drive south to downtown Vancouver Substantial upside on rents CLOSE PROXIMITY TO AMBLESIDE PARK, THE LIONS GATE BRIDGE & CAPILANO RIVER STUDY AREA $211,735 PROVINCIAL $76,770 CLOSE PROXIMITY TO PARK ROYAL SHOPPING CENTRE 61.5% COLLEGE DEGREE OR HIGHER
EXTERIOR INTERIOR
Legal Description Lot 51 Except: Firstly, Part in Reference Plan 2711; and Secondly; Part on Highway Plan 30. District Lot 1039 Plan 2127 PID 014-020-831 # Of Units Stories 12 x 1 Bedroom plus den 4 x 2 Bedroom plus den Total of 16 Units 4 plus basement Year Built 2007 Net Rentable Area Lot Size 12,406 square feet 7,516 square feet Access The Property is located between Clyde Avenue and Marine Drive with access off of Taylor Way. Zoning RM-9 (Multiple dwelling Zone 9) Gross Income Operating Expenses Net Operating Income Parking Financing $409,080.00 (Projected) $102,432.15 (Estimate for 2017) $306,648.00 (Estimate for 2017) A total of 15 underground stalls Treat as clear title *Share purchase sale available List Price $12,500,000
SALE FORFOR SALE 16 UNIT - LUXURY CONCRETE APARTMENT BUILDING WALKING SCORE: 87* WALKER S PARADISE Lions Gate Bridge TRANSIT SCORE: 76* EXCELLENT TRANSIT Park Royal South BIKE SCORE: 78* Taylor Way VERY BIKEABLE SUBJECT SITE Marine Drive Park Royal North 1280-333 SEYMOUR STREET V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA The information contained herein was obtained from sources which we deem reliable and while thought to be correct, are not guaranteed by Form Retail Advisors Inc. MICHAEL HECK 604 398 4379 mheck@form.ca *Personal Real Estate Corporation DAVID MORRIS* 604 638 2123 dmorris@form.ca