Big Smoke Burger
The subject property is located at the southwest corner of Cambie Street & West Broadway. Just steps away from the Canada line Skytrain Station.
The subject property is located at the southwest corner of Cambie Street & West Broadway. Just steps away from the Canada line Skytrain Station.
The Opportunity
Rare opportunity to acquire 1.77 acres with redevelopment potential and good holding income.
Investment Highlights
Substantial frontages along SE Marine Drive (284 FT) and Fraser Street (273 FT)
Centrally located within close proximity to highways, bridges and minutes from Marine Drive Skytrain station
Rare large site in Vancouver
Location
The property occupies the northeast corner of SE Marine Drive and Fraser Street – one of the busiest intersections in Metro Vancouver.
Improvements
The Super 8 hotel consists of 100 rooms on 6 floors with a total size of approximately 93,000 square feet. The rest of the building houses a bowling alley, pub, and a private liquor store.
Opportunity
A rare opportunity to acquire a freestanding commercial strata building. This excellent opportunity is ideal for an investor or owner-user for a grocery store, restaurant, liquor store, bank, business and professional offices, and many more retailers are welcomed.
Building
The commercial building is currently a freestanding building that consists of 4 continuous strata lots and an outdoor fenced patio that would be an excellent attribute for a coffee shop or restaurant. There is a designated commercial parking lot that consists of 8 parking stalls, and abundance of street parking.
Location
The property is located minutes from Edmonds Skytrain Station. This building is in close proximity to 6 high-rise buildings, multiple low rise residential buildings and commercial offices. This high density population offers a strong community customer base.
Property Description
Frieda’s Villa is a 24-suite three storey rental apartment building located in Vancouver’s popular Kitsilano neighbourhood, only 3 blocks to Kits Beach. Built in 1968 of wood-frame construction, the property is improved on a 100’ x 120’ (12,000 sq. ft.) RM-4 zoned lot. Rents significantly under marketâapproximately 30% below based on recent CMHC report. Excellent opportunity to enhance the property with a strong renovation program.
Location
Frieda’s Villa is situated only 3 blocks south of Kits Beach on the south side of West 2nd Avenue between Maple and Cypress Streets in Vancouver’s prime Kitsilano neighbourhood. Cornwall Avenue, the beach’s waterfront âmain dragâ which runs parallel to the popular Kitsilano Beach coastline offers stunning views of English Bay, the West End’s skyline and the North Shore Mountains. Within walking distance is Kits Beach pool and park, a seaside walkway that overlooks the Burrard Inlet and Kitsilano Yacht Club. The Burrard Bridge is only two blocks away offering easy access to Downtown Vancouver. Kitsilano, especially north of 4th Avenue, is considered one of the most desirable locations in the City of Vancouver (if not Canada) to live, with its numerous beaches, parks, recreation centres, retail amenities, movie theatre (5th & Burrard), bus transportation, elementary schools, cafes, restaurants and its close proximity to city hospitals, Downtown Vancouver and UBC.
Highlights
Rents significantly under market: based on CMHC averages, the bachelor suites are 27% below market and the one-bedroom suites are 30% below
Three storey wood-frame rental apartment building with stucco exterior
Large lot: 100’ x 120’ (12,000 sq. ft.)
Nicely landscaped front yard
Suite mix consists of 7 bachelors; one studio and 16 one-bedrooms
Laundry: two washers and two dryers (leased)
Parking: 21 stalls: 16 secure underground; 2 covered and 3 uncovered
Secure parking access from 2nd Avenue
Suites feature balconies or patios
Storage: 22 lockers for tenants plus additional room off exterior parking
Bike room and workshop off exterior parking
Mail box area in secure separate room off lobby
Six suites were totally renovated after a fire in 2001
Torch-on roof (November 2005)
Piping and balcony upgrades as needed
Two AO Smith hot water tank (2010)
Approx. ¾ of cabinets & counter tops upgraded
Approx. ½ of laminated floors replaced
For a brochure, click here
Legal Description
Lots 4 & 7 Block 226 District Lot 526 Plan 590
Financial Summary
Treat as clear title.
Assessment 2014
Land
$4,611,000
Building
$492,000
Total
$5,103,000
Income and Expenses
Gross Income:
$239,395
Vacancy:
(1,197)
Effective Gross:
$238,198
Operating Expenses:
(90,484)
Net Operating Income:
$147,714
Suite Mix
No. Units
Avg. Rent
Bachelor
7
$676
Bachelor + den
1
$760
One bedroom
14
$810
One bedroom furnished
2
$1,250
Location
The property is located on the northwest corner of East Broadway and Quebec Street in centre of the popular Mount Pleasant neighbourhood. This location offers easy access/egress and offers a wide range of public transportation options
Building Features
Corner location
Excellent exposure
20 parking stalls
Close to transit
Frontage
Approx. 99 feet along West Broadway and approx. 74 feet along Quebec Street.
Opportunity
This newly constructed concrete steel frame building on Kingsway offers a strong curb appeal. The units offer excellent frontage and exposure to vehicles and pedestrians on this high traffic location.
Location
This prime retail opportunity is located in the heart of Kensington Cedar Cottage one of Vancouver’s most ethnically diverse neighbourhoods. The property offers convenience to downtown Vancouver, Burnaby and Richmond.
Opportunity
The units offer excellent frontage and exposure to vehicles and pedestrians on this high traffic location.
Location
This prime retail opportunity is located in the heart of Kensington Cedar Cottage one of Vancouver’s most ethnically diverse neighbourhoods. The property offers convenience to downtown Vancouver, Burnaby and Richmond.
Building Features
3-phase, 120/208 volt, 400 amp electrical service
Separate staff and customer washrooms
Air conditioning
High exposure location
Overhead Grade Level Loading Bay Door
Roll down security shutters on windows and doors
HVAC System throughout – (replace air conditioning)
20 parking stalls
Description
High ceiling storage warehouse space with office in North Vancouver’s Lynnmour industrial area.
Features
25’6’’ clear ceiling height
Dock and grade level loading
Finished office space with 3 private offices, board room, kitchenette and reception area
Front unit in the complex provides excellent exposure
Approximately 1,500 sf of bonus mezzanine storage space
HVAC throughout the office
8-12 parking stalls
Excellent truck maneuvering
Building Features
3-phase, 120/208 volt, 400 amp electrical service
Separate staff and customer washrooms
Air conditioning
High exposure location
Overhead Grade Level Loading Bay Door
Roll down security shutters on windows and doors
HVAC System throughout – (replace air conditioning)
20 parking stalls