Concrete Apartment

Overview

The subject property is an upgraded and well maintained concrete 18-suite three-storey apartment building located in the highly sought after affluent Kerrsidale neighbourhood of Vancouver.  Built in 1955, the subject is improved on the middle parcel between West 48th and West 49th on West Boulevard.  With the benefit of favourable C-2 zoning, the property has excellent potential for assembly with the neighbouring properties on either side to create a large development site.  

Location

The subject property is situated mid-block between West 48th and West 49th on West Boulevard in Vancouver’s prime Kerrisdale neighbourhood.  Walking distance to West 41st Avenue, considered one of the best upscale shopping districts in the City. Minutes to Point Grey & Magee High Schools, Maple Grove Park & Elementary School, bus transportation, restaurants, and Kerrisdale Community Centre.

Highlights

• Exceptionally well maintained concrete apartment building
• Rare high-exposure mixed-use redevelopment site
• Excellent suite mix consisting of 12 two bedrooms and 6 one bedrooms 
• Highly sought after affluent Kerrisdale neighbourhood
• Favourable C-2 Zoning (2.5 FSR) strengthens land value for redevelopment
• City’s new Affordable Housing Initiative may allow an increase in density on arterial C-2 zoned routes (such as West Boulevard) and heights of 6 stories
• Clean site with Stage 1 Environmental Report
• Potential for assembly with neighbouring properties on either side
• State-of-the-art Viessmann boiler 
• Piping upgrade with Epoxy 
• Double pane windows 
• Fire upgrades
• Potential to add approx. 3 suites in excess common area space 
• 4 washers & 4 dryers
• Covered and uncovered parking for 19 cars