Cambie Apartments
Vancouver , British Columbia
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1926
- Building size (SF) 9,198
- Size (Ac) 0.11
- Price $9,250,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to offer for sale Cambie Apartments, a completely rebuilt nineteen (19) unit rental apartment building. This premier Vancouver asset features over 98 feet of frontage on Cambie Street, more than $3.4 million in reconstruction improvements, a seven-minute walk to the Broadway/City Hall Canada Line Station, and future redevelopment potential by way of the Broadway Plan for 6 to 12 storeys.
Highlights
Premier Vancouver location (seven minute walk to the Broadway City Hall Canada Line Station)
More than $3.4 million in reconstruction improvements (completed in 2017)
Future redevelopment potential for 6 to 12 storeys (Broadway Plan)
Perfectly positioned to benefit from the Millennium Line extension to UBC
Net rentable area: 9,198 sf
Average rent: $1,763 ($3.64 psf)
Held in a bare trust (opportunity to save on PTT)
Favourable assumable debt
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