St. James Court
1095 Bute Street

FOR SALE
St. James Court | 1095 Bute Street, Vancouver

 Offering Overview

Cushman & Wakefield ULC is pleased to present St. James Court, an 80-suite concrete multifamily asset located at 1095 Bute Street in Vancouver’s highly sought-after West End. The property represents a rare opportunity to acquire institutional-quality scale, durable in-place income, and embedded rental growth within one of Canada’s most supply-constrained rental markets.

Constructed in 1957, the property is comprised of a single concrete mid-rise apartment building ranging from eight to nine storeys, complemented by a single-level underground parking garage and gated surface parking.

Current in-place rents are below market levels, presenting a clear opportunity to enhance revenue through natural tenant turnover and strategic suite repositioning. Further upside exists through the optimization of ancillary income streams, including underutilized parking and storage. Notably, the property includes approximately five vacant, secured parking stalls with individual exterior access, as well as multiple below-grade storage rooms, some of which contain partially completed lockers that can be formalized and leased.

A clean environmental report, professional photography, and a recent building condition assessment are available to qualified parties upon execution of a confidentiality agreement.

Investment Highlights 

• 80-suite concrete mid-rise in Vancouver’s West End, offering rare scale in a highly supply constrained rental market
• Concrete construction with elevator service, providing long-term durability well below replacement cost
• Owned by the same family office for almost 30 years
• Approximately 14% mark-tomarket rental upside through natural tenant turnover and light suite refreshment
• Strong cash flow with additional revenue upside through optimization of underutilized parking and storage
• Optional assumable CMHC financing in place at a 3.24% interest rate, with approximately $9.25 million outstanding through December 1, 2028

For More Information, please contact a member of the exclusive property advisors.

>>>Brochure available for download on the top right of this page