2285 TRIUMPH STREET, Vancouver, BC, V5L 1L2Listing ID# C8014713
The ???Garden Manor Apartments??? is a substantially renovated 3-storey plus underground parkade, 16-suite rental apartment building prominently located in the highly sought-after Grandview-Woodland Neighborhood. The building has enjoyed a variety of recent capital upgrades including; a full re-pipe, new windows and sliders, new front intercom system, lobby and common area updates and a full renovation to 11 of 16 suites, to name a few. Cap rate on the list price is 3% with excellent future rental upside. The Offering provides prospective investors the opportunity to increase cash flow and yield by renovating the remaining 5 un-renovated suites on turnover and increasing rents to match the rents currently being achieved within the building. Additionally, due to the property???s inclusion in the recently approved Grandview-Woodland Community Plan there is significant future redevelopment opportunity.
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? 2017 Real Estate Board of Greater Vancouver. All rights reserved.