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75 Ave Kent Ave 73 Ave FOR SALE > 3755 West 6th Avenue, Vancouver, BC
3755 WEST 6TH AVENUE > WEST POINT GREY APARTMENT BUILDING SALIENT FACTS
Civic Address: 3755 West 6th Avenue, Vancouver, BC (the “Property”)
PID: 011-483-431 Legal Address: Lot A Block 206 District Lot 176 Plan 4581 The Property is situated on the north east corner of Highbury Street and West 6th Avenue in Vancouver’s Location: West Point Grey neighbourhood. The property is located across the street from the Jericho Lands. Total area of 61,750 SF; approximately 250 feet of Site Size and frontage on Highbury/Alma Streets and 247 feet of Dimensions: frontage on West 5th Avenue Current RM-4 Multiple Family Dwelling Zoning: The site is improved with an three-storey apartment Improvements: building consisting of 106 suites, two elevators, a laundry room and an approximate net rentable area of 70,224 SF. Original hardwood floors, linoleum tile in kitchens and Suite Finishes: bathrooms, painted wood cabinetry in bathrooms and kitchens, with arborite countertops 8 studio suites LOCATION # Units: 94 one-bedroom suites 4 two-bedroom suites
>> Prime West Point Grey location in close proximity to highly desirable commercial and natural amenities and private Avg. Unit Size: 662 SF schools, elementary, secondary and post-secondary schools, including the University of British Columbia.
>> Highly affluent with sustained capital inflow from wealthy immigrants attracted to the area’s superior amenities and Avg. Rent PSF: $1.95 schools. Current NOI: $1,183,270.53 >> Capitalize on strong demand for Westside Vancouver housing options. Potential Gross $1,666,284.00 >> Prominently located on high volume bus routes connecting to UBC and downtown Vancouver, with an anticipated Income: improved access in future years with the anticipated Broadway transit line. Total Op Costs: $474,682.05 >> Excellent access and exposure provided by frontage along Highbury Street and close proximity to Alma Street.
Op Costs/Unit: $4,478.13
DEVELOPMENT POTENTIAL Gross Taxes $86,953.77 (2014): >> The new policy statement for the Jericho Lands may unlock the Property’s development potential. Asking Price: Contact listing agent. >> Potential for panoramic views of Georgia Straight, Downtown Vancouver and North Shore Mountains.