1833-1875 Yew Street, Vancouver

1833-1875 Yew Street | Vancouver, BC

1833-1875 Yew Street For Sale

The Opportunity

Kits Manor is located on the northwest corner of West 3rd Avenue and Yew Street. This prime location is within 650 metres to the future Arbutus Subway and 350 metres to Kitsilano beach. Yew Street contains pubs, restaurants, shopping and more. Just one block to the south is West 4th Avenue which also has shopping, transit and even Safeway within three blocks. Yew Street is a quiet residential street at the building but within blocks you can experience the best view in Vancouver.

Back to the studs fully renovated 23-unit apartment building with additional 4-plex that is completely new. Back to the studs means heated bathroom floors, new windows, plumbing, heating, all suites redone, full exterior & interior halls. All new to codes and legal with permits for work and suites. Each unit has washer, dryer, dishwasher and microwave.

1833 Yew Street will be a brand-new rebuilt 4-plex structure to be completed by owners at owners’ cost. The development and building permit are to be approved in short order and the total renovation will be completed as part of the offering. The 4-plex features one 2-bedroom penthouse with unobstructed water views, one spacious 3-bedroom plus den, and two 1-bedroom units. Only 1833 Yew will have a Heritage B designation. Prospective tenants in Kitsilano who want to have the feeling of living in a home over an apartment will be able to enjoy that feeling, providing the opportunity for investors to maximize rents for that experience.

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The Suite Mix

# of Units Average Size
Apartment Bldg
1-Bedroom10522 SF
2-Bedroom11701 SF
2-Bed plus Den2801 SF
4-Plex
Jr 1-Bedroom2323 SF
3-Bed plus Den11,180 SF
2-Bed Penthouse1673 SF
Total27

The Key Details

Price$16,500,000
Cap Rate3.95%
Lot Size9,000 SF (75’ x 120’)
Effective AgeLess than one year
Property Taxes (2020)$29,305
ZoningRM-4

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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