Lancelot Apartments is a charming 11-suite 3-storey apartment building located on the southeast corner of Maple Street & West 41st Avenue in the heart of Kerrisdale. It’s corner lot provides the building two entrances from both street-facing sides of the building.
The historic character of this building has been lovingly maintained throughout the years. Highlights include top floor skylights that provide ample natural light, wide expansive hallways with high ceilings, suites that feature beautiful hardwood floors, decorative tiled flooring in bathrooms and crystal door pulls (some suites).
Built in 1931 and improved on a 54’ x 128’ (6,939 SF) RM-3A zoned corner lot, the property comprises a suite mix of 9 one-bedrooms and 2 two-bedrooms, one of which is a large 1,100 SF penthouse. Other highlights include 1 set of leased washer/dryer, a small office on the main floor, a workshop, 9 storage lockers, 2 parking spaces at the rear and attractive landscaping. Additionally, a few suites feature murphy beds in living room closets that fold out for added sleeping space.
There have been several updates over the years:
- Newer carpet in hallways made up of carpet tiles (2020)
- Newer wall mounted IBC boilers (2020)
- Copper plumbing throughout (2000)
- Security cameras throughout property
- Double-pane windows (early 2000s)
- Mansard roof replaced (2008), flat roof (early 2000s)
- Exterior paint (2018)
- Rebuilt chimney (2005)
Lancelot Apartments 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 the 41st Avenue bus stop just out front of the building. Additionally, it’s also within walking distance to Point Grey Secondary, Maple Grove Elementary and Kerrisdale Community Centre.
|No. units||Average size||Average rent|
|1 bedroom||No. units9||Average size900 SF||Average rent $1,495|
|2 bedroom||No. units2||Average size925 SF||Average rent $2,150|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
For a rent roll and expense statement, please click here.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.