The subject property is located in the heart of The West End of Vancouver. The award winning West End Community Plan will reinvigorate the already vibrant neighbourhood adding to the overall value of the area. Large scale developers such as Westbank, Bosa, and Marcon have already initiated development plans, generating more excitement for the area as more housing, and an increase in commercial and non-commercial amenities erupts.
The subject property is situated on a large 17,292 SF lot. The apartment has 42 suites, which are all improved with granite counter tops in the kitchens and bathrooms. Oak hardwood floors, ornamental fireplaces, and high ceilings add to the character of this unique building. There is great potential for rental increases as many of the tenants are paying below average rental rates for the area. In addition, the property is held in bare trust, meaning that buyers have the potential to save significantly by avoiding property transfer tax.