Jordan Lodge

Overview

Rare opportunity to acquire a 27-suite three-storey apartment building in the heart of Vancouver’s Kerrisdale neighbourhood. Constructed in 1964 and improved on a 132’ x 125’ lot (16,500 SF), the property is well-maintained and features a two-bedroom penthouse, an elevator, 21 parking stalls (8 covered; 13 surface), 23 tenant storage lockers (15 interior; 8 exterior), 2 sets of washers/dryers and balconies/patios. Property is held in a bare trust. 8 suites have been held back as vacant allowing a prospective buyer to rent at full market rates.

Upgrades

• 1987: Fire alarm upgrade: smoke and heat detectors, manual pull stations, emergency lighting
• 1995: Repainting exterior (elastomeric paint)
• 1998: Copper re-piping of domestic water supply
• 2005: New common hallway carpets
• 2005: Boiler/hot water tanks (high efficiency Viessmann)
• 2009: New roof exceeding RCABC standards with five year warranty (expired)
• 2010: Removed fuse boxes and installed electrical panel in suites
• 2011: Modernization of elevator mechanics and cab interiors
• 2014: Re-painting exterior of building
• 2015: Last inspection of roof and minor maintenance
• Re-painting, floor re-finishing, replacement of fridges/stoves, all as needed
• Balcony floors and railings re-surfaced/replaced, when necessary

Location

Kerrisdale, located in the heart of Vancouver’s affluent Westside, is one of Canada’s most established and wealthy communities. The subject property is located on the west side of Yew Street between W 37th and W 38th Ave, only a few blocks to the Kerrisdale Community Centre. Situated one block to West Boulevard, and only three blocks to West 41st Avenue, considered one of the best upscale high-end fashion and retail shopping districts in the City. Walking distance to Point Grey High School, Maple Grove Park, bus transportation, restaurants, a branch of the Vancouver Public Library and West Main Health Unit.