Fraserview
727 East 17th Avenue

FOR SALE

Fraserview | 727 East 17th Avenue, Vancouver

The Opportunity 

Cushman & Wakefield ULC is pleased to present to the investment market on an exclusive basis, a 100% freehold interest in 727 East 17th Avenue, Vancouver, BC. Commonly known as Fraserview, the property is a 31-unit, 4-storey multifamily investment property with retail at grade situated in the heart of Vancouver’s vibrant and evolving Fraserhood neighbourhood.

Fraserview is comprised of 21,617 square feet of net residential rentable area across 13 one-bedroom, 15 two bedroom, and 3 three-bedroom units combining for an average suite size of 697 sf. The 3,174 square feet of retail space at grade is wholly occupied by the neighbourhood’s favourite watering hole, Bells & Whistles.

Fraserview was constructed in 2017 and has been maintained to an institutional standard through meticulous asset and property management by the Vendor. The Property is currently generating an average residential monthly rent per square foot of $3.99 offering prospective investors a projected 13% revenue upside on current in-place rents.

Investment Highlights

•  Unparalleled investment security with essentially zero rent downside risk in a non-capital intensive asset that is less than 10 years old.
• In-place rents show a projected 13% mark-to market potential without any rental concessions required.
• Assumable financing available at a below-market interest rate with roughly two years of term remaining.
• Fully-leased 3,174 square foot retail space which enhances the livability and appeal of the neighbourhood.
• Institutional asset and property management approach employed by the Vendor is evidence by the immaculate property condition.
• Strategic and central location within the City of Vancouver’s dynamic and rapidly evolving Fraserhood.

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

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