132 20th St - Apartments FOR SALE


North Vancouver, BC V7L 3A4
$10,500,000 CAD
604-640-5871
132 20th St, North Vancouver, BC for Sale
$10,500,000 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

132 20th St
North Vancouver, BC V7L 3A4


HIGHLIGHTS

  • An attractive suite-mix of well-appointed, large condo quality residential units offering world-class view corridors from most suites
  • Recent upgrades to several units and essentially no deferred repair and maintenance throughout the Property
  • Electric base board heat and individual hot water tanks separately metered for each unit drives down operating expenses to ownership
  • Property is held in a bare trust nominee which an investor may elect to acquire to avoid Property Transfer Tax (“PTT”)
  • Corner lot with covered, secured parking and laneway access

OVERVIEW

Cushman & Wakefield presents investors the opportunity to acquire a turn-key multifamily investment property located at 132 East 20thStreet, North Vancouver, BC (the “Property”), a nineteen-suite rental apartment building of modern condo-quality comprised of an attractive suite with over 14,000 square feet of Net Rentable Area (“NRA”). Strategically positioned in the City of North Vancouver’s highly desirable Central Lonsdale neighborhood, the Property is in excellent condition and surrounded by a variety of amenities along the Lonsdale corridor. The current rents average $2.65 per square foot which is notably below market. The consistent tenant turnover demonstrated at the Property coupled with continued upward pressure on rents provides investors a clear path to income and investment yield growth.

FOR SALE DETAILS

PRICE

$10,500,000 CAD

PRICE/SF

$738 CAD /SF

# OF UNITS

19

PRICE/UNIT

$552,632

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2004

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,283 SF

ZONING

CD-448

APN/PARCEL ID

025-991-663

ASK ABOUT THIS PROPERTY

David VenanceCushman & WakefieldMore Info
604-640-5871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David VenanceCushman & WakefieldMore Info
604-640-5871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.