Property Overview

  • Status
    Available
  • Address
    La Condesa
    1025 West 11th Avenue
    Vancouver, BC
    Canada
  • Neighbourhood
    Fairview
  • # of Units
    8
  • # of Storeys
    4
  • Year Built
    1957
  • PID
    009-356-312
  • Lot Size
    6,250 SQFT
  • Zoning
    RM-3
  • Price
    $5,595,000
  • Building Type
    Wood-Frame
  • Confidentiality Agreement
  • The Offering

    Cushman & Wakefield ULC is pleased to present to the investment market the exceptional opportunity to purchase a renovated multifamily property in Vancouver’s unparalleled Fairview neighbourhood. La Condesa, located at 1025 West 11th Avenue, Vancouver, BC (the “Property”), is a truly unique investment opportunity perfect for owner-operators and local investors with self-management capabilities. The Property is made up of very large two- and three-bedroom units with a one-bedroom penthouse featuring an expansive roof-top patio.

     

    Location

    La Condesa is primely situated in the heart of Vancouver West Side’s highly renowned Fairview neighbourhood. This vibrant and diverse location is one of the most connected transportation hubs in the entire city. It is served by several diff erent bus routes, is in close proximity to the Broadway-City Hall SkyTrain station, and is both a walker’s and biker’s paradise. The area is also widely regarded as a healthcare hub – the Property itself is one block west of Vancouver General Hospital (VGH) and a short walk to the BC Cancer Agency.

     

    Investment Highlights

    • Massive Suite Sizes averaging over 1,000 sf
    • Consistent tenant turnover – 75% of leases signed in the last three years
    • Assumable financing at 2.33%
    • Favourable suite mix with mostly two-and-three-bedroom units
    • Projected ~25% mark-to-market upside with minimal renovation costs
    • Unmatched location steps from West Broadway and directly across the street from Vancouver General Hospital

     

    For more information, please contact a member of our Exclusive Property Advisors

     

     

    David Venance
    Executive Vice President

    David Venance

    Chris Harper
    Senior Associate

    Chris Harper

    Patrick Hannah
    Associate

    Patrick Hannah

    Property Location