Haighton Manor

1580 Everall Street, White Rock

SOLD $6,200,000

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Price$6,500,000

Units57

Year built1969

Lot size263' x 142' (Approx.)

ZoningRM-2

Price/unit$114,035

Cap rate4.8%

GIM13.4

PID007-170-106

Legal descriptionLot 39, Section 10, LD 36, PL 35141, TWNSHIP 1

Sale price$6,200,000

Sale date01/01/2007

Overview

Constructed in 1969, Haighton Manor is a 57-suite frame apartment building located in White Rock. Superbly maintained with no deferred maintenance, the subject property features an elevator, secure underground parking, balconies and an extensive program of upgrades.

Location

Haighton Manor is located on the east side of Everall (corner north Bluff Road), in the City of White Rock, only 4 blocks to the main shopping area on Johnston. On bus line.

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	No. units
Bachelor	No. units10
One Bedroom	No. units36
Two Bedroom	No. units11

Financials

Financing	Purchaser will have to either clear title or assume the first mortgage financing that is in place in favour of Great West Life at a rate of 6.23% due April 1st, 2012 with a current balance of $2,794,312 as at June 1st, 2006.
Assessment	Land Building Total	Land$3,705,000 Building$761,000 Total$4,466,000
Taxes 2006	$44,097.97
Income and expenses	Gross income Operating expenses Net operating income	Gross income$485,000 Operating expenses(173,000) Net operating income$312,000
Notes	For a detailed information package including a rent roll and financial statement, download the Haighton Manor Executive Summary.

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