Property Overview

  • Status
    Sold
  • Address
    Sutton Gardens
    1260 Nelson Street
    Vancouver, BC
    Canada
  • Neighbourhood
    West End
  • # of Units
    107
  • # of Storeys
    21
  • Year Built
    1970
  • PID
    015-742-164
  • Lot Size
    25,938 SQFT
  • Zoning
    RM-5B
  • Price
    Please Contact Listing Agents
  • Building Style
    Concrete
  • 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.

     

     


     

    David Venance
    Executive Vice President

    David Venance

    Chris Harper
    Senior Associate

    Chris Harper

    Patrick Hannah
    Senior Associate

    Patrick Hannah

    Property Location