EVERGREEN HOUSE 1169 East 27th Street, District of North Vancouver, BC FOR SALE 32-suite newly constructed non-strata rental building in Lynn Valley, District of North Vancouver. Exclusive Listing Agents: David Goodman T 604.714.4778
[email protected] Mark Goodman T 604.714.4790
[email protected] HQ Commercial Real Estate Services Inc. 530 - 1285 West Broadway, C99 M74 Y0 K0 Vancouver, BC V6H 3X8 R0 G0 B227 T 604.899.1122 F 604.608.9455 #0000E3 www.goodmanreport.com Note: Top picture is a rendering only. C0 M95 Y76 K0 R255 G0 B48 #FF0030 District of North Vancouver, BC 2 Executive Summary Name of Building Suite Mix Evergreen House 7 Two Bedroom 3 Two Bedroom & Den Address 18 Three Bedroom 1169 East 27th Street 4 Three Bedroom & Den District of North Vancouver, BC 32 Suites Total Legal Description Net Rentable Area Airspace Parcel 1, District Lot 2022, 29,564 sq. ft. Plan BCP 40272 Shared Facilities (with Branches) Zoning Fitness Room, Meeting Room, Guest Suite RM-2 Shared Facilities Cost Location 19% of Total Cost Evergreen House is located directly across the street from the Lynn Valley Shopping Existing Financing Centre to the north in the District of North None Vancouver. 2009 Proforma Improvements Effective Gross Income $671,000 With an estimated completion date of May Expenses $171,000 25, 2009, the property is improved with a 4 storey wood frame building. Includes NOI $500,000 underground parking (50 stalls), elevator and balconies/patios for all suites. Pricing Asking Price $9,500,000 Site Area Price Per Unit $296,875 19,258 sq.