Evergreen Gardens Apartment
4564 Evergreen Lane

SOLD

Evergreen Gardens Apartments is a superbly well managed and maintained 24-unit apartment building. At the time of the sale, the quintessential seaside community was experiencing significant growth and with the increased cost of home ownership in Ladner, the rental market tightened up and became a highly sought after market for investors. 

Investment Highlights

• Exceptionally well managed and maintained by original ownership
• Proven value-add opportunity and revenue upside upon tenant turnover
• Good suite mix of spacious and well laid out units all with balconies, storage locker and parking stall
• Tenants pay their own electricity and heat
• Situated on over ½ an acre of residential land in attractive growth sub-market of Metro Vancouver
• Short walking distance to shops, services and amenities for tenants

Location Highlights

• Ladner is a very desirable, rapidly growing, and sought after seaside community located in the Delta region of Metro Vancouver
• Three different neighbourhood shopping centres are located less than a 7 minute walk from the Property
• The Property is a 4 minute walk from the Delta-Ladner Community Centre, Memorial Park, and the Ladner Outdoor Pool
• Tsawwassen Mills shopping mall is a 13 minute drive from The Property and features 1.2 million sf in retail space with over 200 retailers.
• 15 minute drive to Tsawwassen Ferry Terminal which provides access to Vancouver Island
• A replacement bridge is currently under review for the congested George Massey Tunnel will significantly improve travel times to-and-from the Delta Region.

For more information on the sale of Evergreen Gardens Apartments, please contact David Venance.