Royal Villa

Overview

Royal Villa is a meticulously maintained four-storey, 30-suite apartment building boasting exceptional ocean views in the heart of White Rock.

Built in 1965, the building offers a unit mix of 4 bachelors, 20 one-bedrooms and 6 two-bedrooms. Twenty-nine of the 30 suites have been renovated, with select units featuring dishwashers. Key amenities include a shared rooftop deck with breathtaking views, private balconies, double-pane windows, two sets of leased washer/dryers, 30 surface parking stalls, and 28 full-height storage lockers.

The building is improved on a large 16,448 SF site, zoned RM-2 with an Urban Neighbourhood designation in White Rock’s Official Community Plan (OCP).

Investors can benefit from an assumable mortgage with ~$2,800,000 outstanding at 3.17%, maturing September 30, 2026.

Building upgrades

Notable building updates over the years include:

• New torch on roof (~2018)
• New high efficiency IBC boilers (2020)
• 29 of 30 units have been renovated since 2006

Location

Royal Villa is situated on the south side of Royal Avenue, perched on a hill with stunning views of the White Rock pier and waterfront. Ideally located just three blocks from the shore, the property is within easy walking distance of White Rock’s vibrant core, offering extensive shopping, dining, and amenities.

Johnston Road, half a block east, serves as White Rock’s main arterial route, lined with restaurants, shops, and convenient bus transportation.

White Rock remains one of Metro Vancouver’s most cherished and affluent communities, renowned for its scenic waterfront, sandy beaches, and charming seaside town center.