Rare opportunity to acquire an exceptionally well-maintained 10-suite co-op apartment building in Vancouver’s extremely popular Kitsilano neighbourhood—an irreplaceable location at Cornwall Avenue and Arbutus Street.
Glenhaven Apartments has immediate access to Kitsilano Beach, restaurants & cafes along Cornwall, and minutes to Downtown Vancouver just across the Burrard Street Bridge. The property also features oversized suites with condo quality upgrades as well as ocean and mountain views.
Given the housing co-operative ownership structure of the building, there will be no existing tenancies in place allowing the building to be rented at current market levels (market rates estimated to be approximately $3.30 per SF). This transaction must be by way of a share sale of the company, Glenhaven Apartments Ltd. (the property is the only asset in the company).
- Prime beach view location – walkable distance to Kitsilano Beach and Pool, Vanier Park, Granville Island and Downtown Vancouver
- West 4th Avenue & West Broadway corridors provide wide range of shopping, entertainment, and restaurants including Safeway, Whole Foods Market, Urban Outfitters, Fable Kitchen, Burgoo Bistro, and Cineplex
- Views of the ocean and North Shore Mountains from some suites
- Newly constructed rooftop viewing deck complete with bar, BBQ, and lounge area
- Suites feature beautifully refinished hardwood flooring and condo quality upgrades
- Laundry: 2 dryers; 2 washers (owned)
- Parking: 2 surface stalls at the south end adjacent to laneway
- Large workshop area and bike room
- Suites feature electric breakers
- Large lockers for each unit
- Heating: Superhot boiler with Tekmar system (radiant heat)
- Very clean exterior, attractive lobby and grounds
- Clean Stage 1 Environmental Report
Glenhaven Apartments is situated on the southeast corner of Arbutus Street and Cornwall Avenue, right across from Kitsilano Beach. Cornwall Avenue, the beach’s waterfront “main drag” offers stunning views of English Bay, the West End’s skyline and the North Shore Mountains. Within walking distance to Kits Beach, Vanier Park and Granville Island, and a few minutes’ drive to Downtown Vancouver. Retail amenities along West Broadway and West 4th Avenue, and Burrard Street include Safeway, Urban Outfitters, Bell, and an abundance of popular restaurants and cafes such as Starbucks, Chewies, Trattoria, and more.
Kitsilano, especially north of 4th Avenue, is considered one of the most desirable locations in Vancouver (if not Canada) to live, with numerous beaches, parks, recreation centres, retail amenities, bus transportation and its close proximity to city hospitals and UBC.