1990 West 41st Avenue

Vancouver

SOLD $9,400,000

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Price $9,800,000

Property type Apartment building

Units 20

Storeys 4

Year built 1961

Lot size 12,769 SF (100’ x 127.69’)

Zoning RM-3A

Price per unit $490,000

Parking 10 covered surface stalls

PID 011-115-050 & 011-115-076

Legal description Lot 2 of Lot A Block 5 Of Block 15 District Lot 526 Plan 5599

Sale price $9,400,000

Sale date 04/12/2023

Overview

1990 West 41^st Avenue is a concrete four-storey 20-suite apartment building located in the highly desirable Kerrisdale neighbourhood, on the south side of West 41^st Avenue, east of Maple Street. Built in 1961 on a 12,769 SF lot with 100 feet of frontage, the building features spacious suites, many of which have been tastefully renovated. There have been several capital upgrades over the years including new double-glazed windows, updated balconies, a new boiler and breaker panels.

The building comprises a suite mix of 4 bachelors, 13 one-bedrooms, 2 two-bedrooms and 1 three-bedroom. Highlights include elevator access to all four floors, full-sized storage lockers, covered / surface parking (10 stalls), balconies or patios for all suites, and attractive landscaping.

Location

The property is located in the heart of Vancouver’s affluent Westside Kerrisdale neighbourhood, within walking distance to a variety of popular local restaurants, cafes and other everyday retail amenities. It’s also within steps to Vancouver’s famed Arbutus Corridor walkway, a 9 km stretch of walking and biking paths running north-south through the city’s Westside.

The property’s location also affords tenants convenient public transit options with local bus service (including RapidBus) running along West 41st Avenue, with connections to UBC, Oakridge and Joyce Station. Additionally, it’s also within walking distance to Point Grey Secondary, Maple Grove Elementary and Kerrisdale Community Centre. The Vancouver Plan has identified West 41st as a ‘rapid transit area’ which will likely allow for some change in the coming years.

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	No. units	Average size	Average rent
Bachelor	No. units4
1 bedroom	No. units13
2 bedroom	No. units2
3 bedroom	No. units1

Financials

Assessment 2023	Land Building Total	Land$7,776,000 Building$1,298,000 Total$9,074,000
Taxes 2022	$24,491
Notes	Listed with Colliers.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.