Jesmond Towers

Overview

Rare Offering! Jesmond Towers is a 12-suite wood frame apartment building located in Vancouver’s prime Kerrisdale neighbourhood. The property features 10 residential suites and 2 commercial units including a 2-level three bedroom penthouse. Generous suite sizes, a capital improvement program and an unbeatable central Westside location characterize this offering. Significant upside on turnover.

Location

The subject property is situated on the north-east corner of East Boulevard and West 44th Avenue in prime central Kerrisdale. Only two and a half blocks south of West 41st Avenue, considered one of the best upscale shopping districts in the City. Minutes to Point Grey High School, bus transportation, restaurants and Kerrisdale Community Centre.

Highlights

• Close to numerous Kerrisdale amenities including the Kerrisdale Community Centre, excellent access to bus transportation, and close proximity to West 41st Avenue

• Very attractive modern lobby and tiled floors
• Low maintenance stucco exterior
• Laundry room features one washer/dryer (owned by building) and lockers for tenants 
• 5 covered surface parking 
• Nicely landscaped 
• Floors – hardwood 
• Roof top deck approximately 500 sf 
• 3 bedroom penthouse features 2 levels and 2 bathrooms
• Control for irrigation in meter room 
• Breakers are single phase 
• Generous suite sizes (i.e., one bedrooms at 776 – 796 sf) 
• Zoning is C-2 
• Contracts: Natural gas with Just Energy and garbage with BFI

Upgrades

• Two Lochinvar boilers replaced (2001) 
• New torch on roof including flashings and aluminum soffits (2008) 
• Stucco replaced (1999) 
• Piping – 90% replaced last 10 years 
• Appliances – 100% replaced last 12 years
• Annunciator panel in lobby
• 3 suites feature refinished cabinets
• Windows replaced with double-pane (2001