Overview
Prime Kitsilano! Westlin Apartments is an exceptionally well maintained three storey plus penthouse apartment building located in Vancouver’s popular Kitsilano neighbourhood. Only one block south of Kits Beach, the property features 14 suites including 2 penthouse units with sweeping views of English Bay and the North Shore Mountains.
Location
Westlin Apartments is situated mid block on the south side of York Avenue between Vine and Yew Streets in prime Kitsilano. Only one block south of Cornwall Avenue, the waterfront “main drag” which runs parallel to popular Kitsilano Beach coastline and offers stunning views of English bay, the West End’s skyline and the North Shore Mountains. Within walking distance is Kits Beach Pool and Park, a seaside walkway that overlooks the Burrard Inlet, Kitsilano Yacht Club and Point Grey Private Hospital. Various, restaurants, caf�s, amenities and bus transportation are close by along Cornwall and Yew Street—only one block in either direction.
Kitsilano, especially north of 4th Avenue, is considered one of the most desirable locations in the City of Vancouver to live, with its numerous beaches, parks, recreation centres, retail amenities, movie theatre, cafes and its close proximity to Downtown Vancouver and UBC.
Features
- Extremely clean and well maintained with many upgrades
- On generous 75′ x 120′ lot
- Annunciator panel in hallway
- Gorgeous sweeping views from both penthouses & 2-3 third floor units
- Hardwood in all suites
- Separate large laundry room (equipment owned by building)
- Covered enclosed parking 6 cars
- 2 locker rooms (full lockers for 14 tenants)
Upgrades
- Roof replaced (October 2000) including newer decks for penthouses (18′ x 27′)
- Complete building re-piping (October 2002)
- Oil tank removed (July 2008)
- New exterior windows (Jan 2010)
- Exterior & interior paint (Jan 2010)
- Hot water tank replaced (Jan 2011)
- Boiler replaced (approx 2001)
- Two newer garage doors
- Approximately 50% of appliances renewed (last 7 – 8 years)
- Most suites have full 2nd generation cabinets (approx. 25 years ago)
- Tub areas have floor to ceiling tile
- Mailboxes replaced (approximately 2002)
- Pillars outside entrance restored (2011)
- Tile entrance installed (2011)
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
One Bedroom | No. units10 | Average size675 | Average rent$1,132 |
Two Bedroom | No. units2 | Average rent$1,433 | |
Two Bedroom + P/H | No. units2 | Average size983 | Average rent$1,600 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2011 | Land Building Total | Land$2,946,000 Building$1,119,000 Total$4,065,000 |
Taxes 2011 | $14,548.77 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$215,244 Vacancy(646) Effective gross$214,598 Operating expenses(61,762) Net operating income$152,836 |
Notes | For a current rent roll & 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
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
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3