Overview
A rare opportunity to own a brand new luxury purpose-built rental apartment project in the heart of the City of Langley. The property is a 5-storey, 90-suite apartment building recently completed and is now fully occupied. Excellent assumable financing available!
The project is a culmination of superior materials, thoughtful design, and attentive execution. It integrates premium brick, metal and concrete to create contemporary beauty. The strong aesthetic and practicality of the exterior reflects everything about the project, from the architectural structure to the unit layouts to the design elements of each home. Each unit is constructed with longevity in mind for the investor.
View an introduction video click here.
Location
The subject property is well-situated in the fast-developing City of Langley, close to a variety of shops, restaurants, cafes, Willowbrook Mall and recreational centers. As for the outdoors, there are beautiful parks, a BMX bike trail, golf courses, and equestrian centres for horseback riding. The layout of Langley’s diverse neighborhoods and areas provide access to the charm of Fort Langley, the convenience of business centers, the culture of art galleries, museums, and wineries and the best of Lower Mainland’s farm-to-table culinary experiences. The way nature and expansive acreage run alongside urban life ensures tenants will experience the best of both worlds in this location.
View neighbourhood video here.
Features
- Five-storey 90-suite apartment building
- Private, secured parkade with parking for each unit
- Two large cab elevators
- Exterior surface visitor parking area
- Security cameras throughout
- 2-ply torch on roof
- Secured bicycle storage
- Large storage lockers available on each floor
- Incredible views on upper floors
- Hot water included
- Oversized 7-foot entry and balcony doors
- Swing doors instead of bi-folds for all closets
- Appliance package includes dishwashers and washer/dryer
- In-suite storage of approx. 30 sq. ft.
Amenities
Stand-alone building
- Bright, clean and secure hotel-style lobby with sitting area and elevator
- Secure outdoor area with playground
- Entertainment room: features gas fireplace, children’s play area, full kitchen for functions, birthday parties, BBQ’s and family gatherings
Underground level
- 7-seat theatre room
- Enormous professional work-out gym with separate cardio and yoga space
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
1 bedroom | No. units35 | Average size626 | Average rent$1,326 |
2 bedroom | No. units45 | Average size862 | Average rent$1,690 |
3 bedroom | No. units10 | Average size965 | Average rent$1,934 |
Financials
Financing | Excellent assumable financing available. | |
---|---|---|
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,726,176 Vacancy(12,760) Effective gross$1,713,416 Operating expenses(407,502) Net operating income$1,305,914 |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Cynthia Jagger
Personal Real Estate Corporation
cynthia@goodmanreport.com
(604) 912 9018
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Cynthia Jagger
Personal Real Estate Corporation
cynthia@goodmanreport.com
(604) 912 9018
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3