Over a 4.00% cap rate with further upside in East Vancouver! This 22-unit turnkey apartment building offers 14 renovated units achieving blended rents of $3.45 per SF. Enjoy above-market cashflow while completing the remaining unrenovated units at your own pace. Attractive, in-place CMHC mortgage at 3.77% removes financing risk and AND potentially save over $400,000 in Property Transfer Tax by purchasing the Bare Trust. In the future, enjoy development potential of up to 6-storeys and a 2.40 FSR under the Grandview Woodland OCP. Offered as a package 2228 Triumph 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.
