The Standard

Vancouver, British Columbia

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Building

Stats

Property Type Multifamily - Mid-Rise
Year built 2013
Building size (SF) 36,425
Size (Ac) 0.21

Overview

Acquire a high performing and well-maintained micro-suite apartment building in the heart of Downtown Vancouver with well below-market assumable financing

Highlights

Exceptionally well-maintained and managed building with minimal capital expenditures

Ability to increase revenue as the property is predominantly leased to students and shorter term tenants providing higher turnover and ability to increase rents quickly

Very attractive assumable financing of $29.9 million at 1.57% with more than 7 years of term remaining

Excellent, transit-oriented location in Downtown Vancouver’s the vibrant Granville Entertainment District

High-quality furnished micro-suites minimize vacancy during turnover