Property Overview
-
Status
Sold -
Deal Status
Active -
Address
Shields Apartments
5940 Balsam Street
Vancouver, BC -
Neighbourhood
Kerrisdale -
# of Units
18 -
# of Storeys
4 -
Year Built
1964 -
PID
011-456-663,011-456-671,011-456-680,011-456-655 -
Lot Size
12,432 SQFT -
Zoning
RM-3 Multi-Family Dwelling -
Price
$7,550,000 -
SOLD
Cushman & Wakefield is pleased to announce the successful sale of Shields Apartments located at 5940 Balsam Street. Shields Apartments is a purpose-built rental apartment building constructed in 1964 and is comprised of 18 residential rental units, including a penthouse, situated on approximately a 12,432 square foot corner lot, in the heart of Vancouver’s Kerrisdale neighbourhood. The property is 100% occupied and has been owned and professionally managed by the same family and property management company for over fifty years. The rental revenue is resilient to essentially all forms of economic volatility and possesses significant growth and value-add potential.
Located in the Heart of Kerrisdale
- One of Vancouver’s most established and affluent neighbourhoods
- Property is situated on the south east corner of Balsam Street and West 43rd Avenue
- Two blocks south of the vibrant West 41st Avenue retail node
- Two blocks west of the Kerrisdale Community Centre
- Walking distance to Point Grey High School, Maple Grove Park, and Kerrisdale Arena
- Proximity to regional Oakridge Shopping Centre
Property Location
Gallery
