Haro Court

Overview

Haro Court is an 18-suite three storey plus penthouse wood-framed rental apartment building located in the heart of the popular West End neighbourhood of Vancouver.  Built in 1954 and improved on a corner 66′ x 131′ site, the property is well maintained and features secure parking, large units and many upgrades to the suites and common areas.  There is a significant opportunity to increase the rents on a suite turnover which are 24% below market averages for the West End.

Location

• Haro Court is located on the south west corner of Haro and Cardero Streets, in the heart of the popular West End District within the City of Vancouver.

• The West End District is one of the oldest and most densely populated areas of the City and is developed with a mixture of some its original single-family residences, low-rise apartment buildings as well as numerous high-rises.

• Considered one of the most sought after multi-residential areas in Vancouver, the West End offers residents immediate proximity to the employment, entertainment, shopping and recreational areas of Vancouver’s downtown core.

• Nearby are the popular pedestrian shopping areas including Denman Street, which is two block west of the subject and the pre-eminent fashion avenue of Robson Street situated two blocks to the north. King George High School is located immediately to the west on Haro Street.

• Moreover, the subject property is a short walk to the beaches of the English Bay waterfront, the lush greenery of the world famous thousand-acre Stanley Park and Coal Harbour.  Access to a first-rate system of public and private transportation services is also readily available in the immediate vicinity of this property.

Highlights

• Well maintained property on a corner lot totalling 8646 sq. ft.
• Landscaping consists of trees, manicured lawn and shrubbery
• Gas-fired furnace and hot water heat
• Large suites featuring hardwood floors including a 1Br penthouse
• Rear surface and secure parking stalls for a total of __ cars
• Rental rates currently 24% below CMHC market average

  List to be expanded and confirmed once we have an opportunity to inspect the property.

Upgrades

• New boiler $16,000 (2012)
• Plumbing replaced (2002)
• New hot water tank (2007)
• Suites:  majority of suites have been renovated to include new appliances, flooring, countertops, cupboards, bathroom upgrades

  List to be expanded and confirmed once we have an opportunity to inspect the property.