Londonderry Apartments is a three-storey frame walk-up apartment building consisting of 22 units (20-1Br; 1-2Br; 1-1Br Penthouse) located in the heart of Vancouver’s popular Kerrisdale neighbourhood. Built in 1957 and situated on a large site (100′ x 110′), the property features big suites with hardwood floors, a penthouse unit, surface parking, laundry facilities and storage lockers.
The subject property is situated on the east side of Yew Street, between Balsam and West Blvd. in prime central Kerrisdale. Only one and a half blocks north of West 41st Avenue, considered one of the best upscale shopping districts in the city. Minutes to Point Grey Highschool, bus transportation and restaurants.
– Large, well configured suites
– 2 washers/2 dryers leased
– Lockers for each tenant
– Surface parking for 12 cars
– 2 new hot water tanks (2007)
– Hot water line (1996)
– Ongoing replacement of appliances as needed
– Hardwood floors in all suites
– Floor-to-ceiling tiling in bathrooms
|One Bedroom||No. units20|
|Two Bedroom||No. units1|
|One Bedroom P/H||No. units1|
|Income and expenses|
Less Vacancy 0.5%
Net operating income
|Notes||Income annualized as of January 2008.|
There is significant upside on the rents, as they are well below market levels for this prime location.
For a current rent roll and income & 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.