Overview
Rarely available newer construction purpose-built rental apartment building featuring 34 suites (plus a commercial component) in Vancouver’s uber-trendy East Village neighbourhood.
- High-end condo-quality construction with elevator service
- Sweeping views of Downtown, the harbour and North Shore Mountains from upper floors facing north
- 4-storey concrete/wood structure with one level of underground parking
- Opportunity to purchase neighboring 37-suite rental project only 6 blocks away along E Hastings St
- Significant upside on rents
To download a detailed PDF brochure, click here.
Features
The suites feature contemporary interiors with large windows, high end flooring, quartz countertops, under-mounted sinks, stainless steel appliances, bathrooms with ceramic tile floors, Kohler fixtures, and in-suite washer & dryer. Every unit has a separate storage locker and either an enclosed balcony/solarium or a generous outdoor balcony or deck. The building contains ample bike storage and secure parking in a gated garage.
Locations
The subject property is located on the south side of East Hastings Street, just 3 blocks east of Nanaimo Street. The location is central to everything: Just minutes away to Downtown, the North Shore and the Trans Canada Highway. Within walking distance to the PNE/ Playland, Hastings Racetrack, Pacific Coliseum, parks, services and all types of amenities including Shoppers Drug Mart, London Drugs, several coffee shops, a variety of restaurants and bistros.
The location offers direct bus access to UBC, SFU, the Canada Line, Expo Line and Millennium Line. It is also situated on the world renowned Vancouver bike route system and walking distance to Britannia and Templeton Elementary/Secondary Schools.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
1 bedroom | No. units24 | Average size541 SF | Average rent$1,422 |
2 bedroom / 2 bathroom | No. units10 | Average size658 SF | Average rent$1,751 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2017 | Land Building Total | Land$4,785,000 Building$10,214,000 Total$14,999,000 |
Taxes 2017 | $27,393 (residential allocation) | |
Income and expenses | Net operating income | Net Operating Income$678,465 |
Notes | For a current rent roll and expense statement, click here. |
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