Overview
Oxford Estates is an extensively renovated and well-maintained 42-suite 3-storey (plus penthouse) apartment building situated on a beautiful tree-lined street in Vancouver’s Cedar Cove area of Grandview-Woodland.
Originally built in 1977 and improved on a large corner 21,139 SF site, the property offers a superior suite mix of 5 bachelors, 9 one-bedrooms, 14 one-bedroom + lofts and 14 two-bedroom suites.
Building highlights include amazing views from the top floor north facing suites, expansive 2-level lofts with access to roof top decks, large balconies, electric baseboard heat (paid by tenants), secured underground parking (50 stalls), full height storage lockers (16) and 3 sets of owned washers/dryers.
The property is designated for 6-storey apartment at a density of up to 2.40 FSR within the Grandview-Woodland Community Plan.
Upgrades
The building underwent a comprehensive renovation program over the years which included:
- 2 hot water tanks replaced in 2014
- Piping replacement on an as needed basis (approx. 50% of 2nd floor piping redone)
- Full building envelope rainscreen renovation including windows, torch on roof and balcony railings (approx. 2011)
Location
Oxford Estates is located in the Cedar Cove area of Grandview Woodland on the northwest corner of North Garden Drive and Oxford Street. Positioned just one block west of Nanaimo Street, this location offers convenient access to Downtown Vancouver, the Port of Vancouver and major transportation routes.
Cedar Cove has a number of social, cultural and recreational amenities. Pandora Park is a key green space, as are other smaller parks elsewhere in the sub-area, particularly along Wall Street. Dundas Street bisects the sub-area and although it is a busy arterial connector, it has the potential to become a mixed-use node that is the focus of local-serving shops and services for this corner of Grandview-Woodland.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
Bachelor | No. units5 | Average rent $1,058 | |
1 bedroom | No. units9 | Average rent $1,308 | |
1 bedroom + loft | No. units14 | Average rent $1,486 | |
2 bedroom | No. units14 | Average rent $1,422 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2023 | Land Building Total | Land$9,197,000 Building$4,420,000 Total$13,617,000 |
Taxes 2023 | $39,321 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$708,048 Vacancy(2,832) Effective gross$705,216 Operating expenses(213,803) Net operating income$491,413 |
Notes | For additional information, please contact listing agent. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3