Landmark Chateau

Overview

Landmark Chateau is a unique and extensively updated four-storey townhouse complex improved on a massive corner lot in the highly desirable Cedar Cove neighbourhood of East Vancouver.

Constructed in 1978 as a condominium development, the building comprises 42 large, stacked two-level townhouse units. Half of these units boast stunning ocean, mountain, and city views from their private rooftop patios.

The property offers an excellent unit mix of 4 one-bedroom and 38 two-bedroom suites—all equipped with dishwashers. Additional amenities include full-size storage lockers for all tenants and 44 secured underground parking stalls. Each unit is wired with 100-amp panels, providing the next owner with the opportunity to install in-suite laundry.

A significant investment advantage is the assumable CMHC financing available at a highly attractive below-market interest rate of 2.61%, maturing in June 2027.

Strategically located in Cedar Cove, the property falls within the Grandview-Woodland Community Plan and is designated Apartment (6-storey). This allows for secured rental housing development up to 2.40 FSR, offering excellent redevelopment potential.

Upgrades

Upgrades to the building include:

• 37 of 42 units have been fully renovated on turnover with modern finishes
• Decking on patios has been replaced on an on-going basis over time
• LED parkade lighting (2020)
• New high efficiency boiler (2020)
• Exterior paint (2020)
• New security camera system (2021) and intercom (2018)
• Horizontal hot water supply and shutoffs have been repiped
• New automatic garage door for parkade

Location

The property is located at the northeast corner of Triumph Street and Templeton Drive, two blocks west of Nanaimo Street and three blocks north of East Hastings Street. Landmark Cheateau is well positioned on a quiet residential street, nearby Pandora Park, and within short walking distance of the shops, services, and transit along East Hastings Street.