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OAKLEAF APARTMENTS 8755 Oak Street, Vancouver, BC

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OAKLEAF APARTMENTS 8755 Oak Street, Vancouver, BC NEW PRICE FOR SALE OAKLEAF APARTMENTS 8755 Oak Street, Vancouver, BC Opportunity to acquire a 15-unit rental apartment building with significant upside in rental revenue Carey Buntain, Vice President Rob Greer*, Principal 604.647.1352 604.647.5084 [email protected] [email protected] *Robert Greer Personal Real Estate Corporation Chris Wieser, Principal Winnie Ng, Senior Analyst 604.647.5089 604.647.5065 [email protected] [email protected] EXECUTIVE SUMMARY Municipal Address 8755 Oak Street Parcel 013-954-814; 013-954-822 Identifications Lots 27 & 28 Except Part in Reference Plan 15401 and the East 7 Feet, Now Legal Description Highways of Lots 13 & 16 Blocks 1 to 6 and 12 of Block C District Lots 319, 323 & 324 Plan 2238. Zoning RM-3A OPPORTUNITY Year Built 1959 Avison Young is pleased to present the opportunity to acquire Site Dimensions 74’ x 115.6’ (approximate) 100% freehold interest in a value-add, multi-family, rental Site Size 8,567 sf apartment building with development potential as per the Marpole OCP. Neighbourhood Marpole (2014) Community Plan INVESTMENT Land Use Designation Apartment (up to 6 storeys) HIGHLIGHTS Potential Density 2.50 FSR 9 Secure cash flow with tremendous rental upside Gross Buildable Area 21,425 sf 9 Potential for a 2.50 FSR, 6-storey development under the Marople OCP Studios 4 One-Bedrooms 10 9 Strategically located near Marine Drive Station, providing direct Suite Mix access to Downtown Vancouver and YVR Two-Bedrooms 1 Total 15 Description 3-storey, wood-frame walk-up Property Taxes (2018) $10,533 Parking Stalls 7 stalls Financing Clear Title Stabilized Net $100,387 Operating Income Asking Price $4,500,000 Price per Door $300,000 Capitalization Rate 2.23% Price per Buildable $210 Square Foot Opportunity to acquire 100% freehold interest in a value-add, multi-family, rental apartment building with development upside LOCATION 9 Subject Property is well situated just blocks from main arterials: SW Marine Drive, Granville Street and Arthur Laing Bridge 9 Quick access to Marine Drive Station for commuters travelling Downtown or to YVR Airport 9 Future addition of new services to the Marpole region include: 478 new childcare spaces, 10-acre waterfront park, improved cycling routes and upgrades to the library/community centre* 9 Vibrant residential community with future projected economic and employment growth *Source: http://vancouver.ca/home-property-development/marpole-infographic.aspx Celtic Ave McCleery Golf Course Carnarvon St N Service Rd Service N McDonald R d Grant McConachie Way Ferguson Rd Ferguson FOOD 1. 2. SHOPPING 3. 4. 5. 6. 7. RECREATION 8. 9. 10. Marine Drive Golf Club 11. 12. 13. 14. 15. Sea Island Carey Buntain, 604.647.1352 Partnership. Performance. [email protected] Chris Wieser, Principal 604.647.5089 [email protected] Cafe de l’Orangerie Cravings Restaurant & Sports Bar Hudson’s LandingHudson’s Pub Denny’s Milltown Bar & Grill Canadian Tire Shoppers Drug Mart Lush Cosmetics Safeway Best Buy Cineplex Cinemas Marine Gateway & VIP Subject Property Marpole Curling Club Vancouver BodyFit Boot Camp Marine Drive Bus Route Pure Nail Bar Canada Line Skytrain The Landing Dance Centre Vine S t Vice President Yew St Miller Rd Arbutus St East Blvd East Dr Marine SW Arbutus St Aylmer R d Blvd West Maple St Winnie Ng, Rob Greer*, 604.647.5065 604.647.5084 [email protected] [email protected] *Robert Greer Personal Real Estate Corporation Laburnum St Laburnum S t Douglas Cres Templeton St Grant McConachie Way Cypress St KERRISDALE W 75th Ave 75th W Angus Dr Angus Dr Miller Rd Grauer Rd Senior Analyst Airport Rd Principal W 59th Ave W 61st Ave 5 W 60th Ave Wiltshire St W 58th Ave 13 Marguerite S t Russ Baker Way Rd Station Templeton Adera S t 10 C hurchill S t Middle Arm Fraser River G ranville S t W 57th Ave French St W 67th Ave W 72nd Ave River Rd W 71st Ave Cartier St Cartier St Park Dr Park W 58th Ave © 2019 Avison© 2019 Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young. W 48th Ave W 64th Ave W 54th Ave W 50th Ave No 3 Rd 1 Hudson St SW Marine Dr No 3 Rd Sea Island Way S elkirk S t Airport Connector Brg S elkirk S t Osler St W 52nd Ave 2 3 Oak St W 70th Ave 99 Beckwith Rd Shaughnessy St Ä Cambie Rd Ä S exsmith R d Fremlin S t W 49th Ave Avison Young #2900-1055 W. Georgia #2900-1055 W. Street Box 11109 Royal Centre Box 11109 Vancouver, BC V6E 3P3, Canada avisonyoung.com River Rd 9 Laurel St SW Marine Dr W 60th Ave Garden City Rd 12 Heather St Van Horne Way Patterson Rd Ash St W 59th Ave W 64th Ave W Kent AveAsh N St W 63rd Ave 4 Kilby Dr Kilby Cambie St 11 Langara Golf Course 8 Marine Drive Station 14 No 4 R d 15 Alberta St No 4 Rd Columbia St W 48th Ave St Edwards Dr Edwards St 7 6 Bridgeport Rd Gilmore Cres Gilmore River Dr River Manitoba S t Finlayson Dr Bird Rd Caithcart Rd SE Marine Dr Marine SE Ontario S t E 60th Ave E 61st Ave E 58th Ave E 59th Ave North Arm Fraser River Fraser Arm North E 48th Ave Mitchell Island Quebec S t E 50th Ave E Kent Ave N E 49th Ave Shell Rd Main S t E 47th Ave Bird Rd E 53rd Ave E 51st Ave E 54th Ave E 55th Ave E 63rd Ave E 56th Ave River Rd River Mellis Dr S impson R d P rince E dward S t E 57th Ave Twigg Pl Bargen Dr.
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