The Ellington is a mixed-use two storey commercial/residential building located on Commercial Street in the Cedar Cottage neighbourhood of East Vancouver. The building was recently totally rebuilt and is comprised of 6 units; two commercial units on the ground floor and 4 residential suites on both the ground and second floors.
The subject is located in East Vancouver on the west side of Commercial Street, between E. 18th and E. 20th Avenue, half a block south of Vancouver’s popular Commercial Drive corridor. Centrally located, a few minutes walk to Trout Lake, elementary and high schools, and the main traffic arteries of Kingsway, Knight Street and Nanaimo Street.
The Drive has a distinct European flavour that you can’t find anywhere else in the city. Sidewalk cafes, small boutiques, bakery and pastry shops, all mingle with the regular types of businesses such as banks, grocery stores, and hardware stores. The area is well serviced by public transit with both bus and Skytrain station nearby. With an increasing population base in the neighborhood, the area has grown to be a vibrant and desirable district.
|No. units||Average size||Rent range|
|Bachelor||No. units2||Size range400 - 600||Rent range$800 - $900|
|Two Bedroom||No. units2||Size range785||Rent range$1,475 - $1,550|
|Commercial||No. units2||Size range300 - 430||Rent range$995 - $1,500|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
|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.