Townhouse strata building

Overview

The subject property is a three-storey wood-frame strata-titled townhouse building located in the heart of Vancouver’s Kerrisdale neighbourhood. Constructed in 1990 and improved on a 4,135 SF lot, there are a total of 3 large two-bedroom units averaging 1,358 SF in size.

Two of the suites are split-level and feature spacious open plans with living / dining rooms plus kitchen on the main floor, 2 bedrooms plus den on the upper floor, and a rooftop deck. The third unit is one-level fronting Vine Street. Other features include parking at rear (3 stalls), natural gas fireplaces, electric baseboard heat, in-suite laundry and dishwashers. While two of the suites have had a series of updates over the years, one unit is in need of repairs related to water ingress.

Value-Add Options:

1. Perform a renovation as required and hold as a 3-unit rental building;
2. Undertake a major retrofit and reconfigure to a 6-unit rental building;
3. Renovate the building and sell off the condo units individually;
4. Demolish the building and redevelop as a condo or rental project.

Location

Kerrisdale, located in the heart of Vancouver’s affluent Westside, is one of the city’s most established and wealthy communities. The subject property is located on the east side of Vine Street one block south of West 41st Avenue, considered one of the best upscale high-end fashion and retail shopping districts in the city.

The building is situated two blocks west of West Boulevard and walking distance to Kerrisdale Commnity Centre, Point Grey High School, Maple Grove Park, Elm Park, bus transportation, restaurants, a branch of the Vancouver Public Library and West Main Health Unit.