East Vancouver 22-unit apartment building offered at a 4.00% cap rate with blended renovated rents of $3.70 per SF! With 12 suites left to renovate, there is still a tremendous amount of upside left to realize. Avoid volatile interest rates by assuming the long-term CMHC financing currently in place at 3.77% until 2032. Take advantage of potential Property Transfer Savings of over $400,000 by purchasing the shares of the Bare Trust, as well as, the long-term development potential of up to a 2.40 FSR under the Grandview Woodland OCP. Offered as a package 2056 Franklin Street which is identical in suite-mix and layout, both buildings can be purchased together or separately.
(*PREC personal real estate corporation)
Nestled just east of Victoria Drive, the Portfolio is situated on traffic-calmed streets while still enjoying immediate access to the thriving commercial districts of Hastings Street and Commercial Drive which feature a variety of boutiques, cafes and award-winning restaurants and bars.
