2285 TRIUMPH STREET, Vancouver, BC, V5L 1L2Listing ID# C8014713
The Garden Manor Apartments is a fully leased 3-storey, 16 suite rental apartment building with underground parking located in East Van. The area surrounding the Property is undergoing a major transformation, attracting a new millennial tenant base, due to the addition of a variety of new craft brewery restaurants, shops, services & a variety of planned developments including; ???Ironworks??? an office/industrial/retail project on Pandora & Victoria Streets. The Garden Manor has received many recent capitol upgrades including: a full re-pipe, new sliders & windows, updated common areas, exterior paint, landscaping & full complete renovation of 11/16 suites. The offering provides a Cap Rate of 3.27% on the List Price with the ability to increase cash flow & yield by renovating the remaining 5 un-renovated suites & on turnover leasing them at market rents. This corner property also provides future development potential, which could provide for a building up to 6 storeys and a maximum 2.4 FSR.
Listing courtesy of CBRE Limited
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright? 2018 Real Estate Board of Greater Vancouver. All rights reserved.