The Glenwood is a spacious apartment building offering unique opportunities to increase cash flow and optimize the property for maximum occupancy. The building consists of large suites with oversized living rooms. There is secured underground parking, street parking, and plenty of nearby public transportation to service tenants’ needs. On the first floor above grade are two large storage lockers.
The Value Add Opportunity
One large storage room could be converted into an additional suite. The second storage room could be combined with the laundry room for another unit. Two bedrooms could enclose balconies to provide an additional bedroom.
The Redevelopment Potential
Designated in the Grandview-Woodland Community Plan for a six-storey rental redevelopment. This could potentially be developed into 65 units. Details must be verified with the city.