The Excelsior

Overview

The Excelsior is a 30-suite three-storey plus penthouse apartment building located in the highly desirable Kerrisdale neighbourhood on the south side of West 41^st Avenue, east of Maple Street. The building has been meticulously maintained over the years and offers strong cash flow. The Vancouver Plan identified West 41st as a ‘rapid transit area’ which will likely allow for some change in the coming years.

Built in 1960 and improved on a large 150’ x 128’ (19,147 SF) RM-3A zoned lot, the property comprises a suite mix of 5 bachelors, 20 one-bedrooms, 4 two-bedrooms and a large two-bedroom penthouse. Highlights include two sets of owned washers/dryers, storage lockers (31), bike room, surface parking (16 stalls) and attractive landscaping. The stunning penthouse suite offers an extra-large south facing patio along with many upgrades, including stainless steel appliances.

Building Upgrades

There have been several updates over the years:

• Re-piping: 1^st floor main water supply and re-circulation (2017)
• Exterior painting (2014)
• Roof replacement (2013)
• Hot water tank replacement (2013)
• Elevator hydraulic modernization & cylinder replacement  (2013)
• Window trim, patio door and drip cap replacement (2012)
• Parking lot and front walkway upgrades (2012)
• Boiler replacement (2004)
• Domestic hot water re-piping (2003)
• Updated balconies / decks

Location

The Excelsior is located in the heart of Vancouver’s affluent Westside Kerrisdale neighbourhood, within walking distance to a variety of popular local restaurants, cafes and other everyday retail amenities. It’s also within steps to Vancouver’s famed Arbutus Corridor walkway, a 9 km stretch of walking and biking paths running north-south through the city’s Westside.

The property’s location also affords tenants convenient public transit options with local bus service (including RapidBus) running along West 41^st Avenue, with connections to UBC, Oakridge and Joyce Station. Additionally, it’s also within walking distance to Point Grey Secondary, Maple Grove Elementary and Kerrisdale Community Centre.