Sutton Gardens
1260 Nelson Street

SOLD 

Cushman & Wakefield ULC (“Cushman & Wakefield” or "C&W”) is pleased to announce the successful sale of 1260 Nelson Street, Vancouver, BC (the “Property”) commonly known as Sutton Gardens, a 107-unit 21 storey standalone concrete high rise multifamily investment property situated in the heart of Vancouver’s renowned mixed-use urban neighbourhood, the West End.

Sutton Gardens is comprised of 72,232 square feet of net rentable area across 96 one-bedroom and 11 two-bedroom units combining for an average unit size of 675 square feet. The Property is currently generating an average monthly rent of $1,658 or $2.46 per square foot offering prospective investors over 80% revenue upside on current in-place rents.

The Property has been maintained to an institutional standard through rigorous management and comprehensive capital expenditures by the original ownership family, making this a turn-key investment offering with accretive value to existing portfolios. Furthermore, the central location holds significant appeal amongst a diversified segment of the rental market with young professionals, families, and downsizers driving demand for rental housing throughout the West End.

Notable Property differentiators include irreplaceable location, best-in-class concrete quality designed by Arthur Erickson, rarely offered building amenities including a pool and sauna, and unmatched lifestyle offerings through accessible transit, restaurants, parks and beaches, and cycling networks.