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75 Ave Kent Ave 73 Ave FOR SALE > 1380 Jervis Street, Vancouver, BC
1380 Jervis Street > Investment Opportunity Salient facts
Civic Address: 1380 Jervis Street, Vancouver, BC
PID: 018-241-565 Legal Address: Lot G Block 40 District Lot 185 Plan LMP 10319
1380 Jervis is situated on the north east corner of Jervis Street and Pacific Street in Vancouver’s West End Location: neighbourhood. The property is located just steps from beautiful English Bay and a short walk from Davie an Denman Streets.
Site Size and Total area of 10,742 SF; with 82 feet of frontage on Dimensions: Pacific Street and 131 feet of frontage on Jervis Street
Zoning: RM-5B Multiple Family Dwelling
The site is improved with an eight-storey, high-rise concrete rental apartment building. The building consists Improvements: of 56 suites and an approximate net rentable area of 30,704 SF. Building footprint area of 4,680 SF and gross building area of approximately 42,140 SF.
There are 10 covered stalls and 10 surface level parking Parking: stalls for a total of 20 parking stalls. location 56 with the following unit breakdown: # Units: >> Desirable waterfront location with close proximity to beaches, parks, shopping, restaurants, and services and expansive views of 25 Bachelor Suites the Burrard Inlet and English Bay 31 One Bedroom Suites
>> Situated at the northeast corner of Pacific and Jervis, offering water views overlooking Sunset Beach and the Burrard Inlet Avg. Unit Size: Bachelor: 422 SF | 1 Bedroom: 650 SF
Avg. Rent PSF: $2.18 west end market overview Stabilized NOI: $580,717 (annualized as of June 2015) >> Demand for rental accommodation Downtown Vancouver will continue to increase as constrained land supply and construction Current Gross costs restricts the financial feasibility of new rental developments $823,012 Revenue: >> The West End’s strong rental market dynamics include a 0.5% vacancy rate and $2.57 average rent PSF for one bedroom units Total Op Costs: $238,180
Op Costs/Gross 30% Building condition Revenue: Gross Taxes $46,077.32 >> The building was constructed in 1958 and has been extensively renovated over the past 18 years. (2014):
>> Recent capital improvements include new boilers and hot water storage tanks, replaced plumbing systems, renovated common areas, Asking Price: Contact listing agent. upgraded elevator, refinished hardwood floors, and updated kitchen counter tops and new appliances in the suites as required. FOR SALE > 1380 Jervis Street, Vancouver, BC
1380 JERVIS STREET > INVESTMENT OPPORTUNITY SALIENT FACTS
Civic Address: 1380 Jervis Street, Vancouver, BC
PID: 018-241-565 Legal Address: Lot G Block 40 District Lot 185 Plan LMP 10319
1380 Jervis is situated on the north east corner of Jervis Street and Pacific Street in Vancouver’s West End Location: neighbourhood. The property is located just steps from beautiful English Bay and a short walk from Davie an Denman Streets.
Site Size and Total area of 10,742 SF; with 82 feet of frontage on Dimensions: Pacific Street and 131 feet of frontage on Jervis Street
Zoning: RM-5B Multiple Family Dwelling
The site is improved with an eight-storey, high-rise concrete rental apartment building. The building consists Improvements: of 56 suites and an approximate net rentable area of 30,704 SF. Building footprint area of 4,680 SF and gross building area of approximately 42,140 SF.
There are 10 covered stalls and 10 surface level parking Parking: stalls for a total of 20 parking stalls. LOCATION 56 with the following unit breakdown: # Units: >> Desirable waterfront location with close proximity to beaches, parks, shopping, restaurants, and services and expansive views of 25 Bachelor Suites the Burrard Inlet and English Bay 31 One Bedroom Suites
>> Situated at the northeast corner of Pacific and Jervis, offering water views overlooking Sunset Beach and the Burrard Inlet Avg. Unit Size: Bachelor: 422 SF | 1 Bedroom: 650 SF
Avg. Rent PSF: $2.18 WEST END MARKET OVERVIEW Stabilized NOI: $580,717 (annualized as of June 2015) >> Demand for rental accommodation Downtown Vancouver will continue to increase as constrained land supply and construction Current Gross costs restricts the financial feasibility of new rental developments $823,012 Revenue: >> The West End’s strong rental market dynamics include a 0.5% vacancy rate and $2.57 average rent PSF for one bedroom units Total Op Costs: $238,180
Op Costs/Gross 29% BUILDING CONDITION Revenue: Gross Taxes $46,077.32 >> The building was constructed in 1958 and has been extensively renovated over the past 18 years. (2014):
>> Recent capital improvements include new boilers and hot water storage tanks, replaced plumbing systems, renovated common areas, Asking Price: Contact listing agent. upgraded elevator, refinished hardwood floors, and updated kitchen counter tops and new appliances in the suites as required. Stanley Park
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Alberni St Penticton St Burrard Lagoon Dr Yale St View Park
Nanaimo St Park Ln Haro St Wall St Trinity St Beach Ave Chilco St Harbour Pendrell St Green Park Mcgill St SIMON LIM* W. Commissioner St
Gilford St Kamloops St Penticton St Comox St Bidwell St Pender St Eton St Denman St W. Georgia St Trinity St Pendrell St Canada Pl Commissioner St Executive Vice President Alberni St Canada Place Cambridge St Wall St Nicola St Melville St Oxford St Bidwell St Cardero St 99 Templeton Dr English Bay Broughton St Garden Dr Waterfront Semlin Dr
+1 604 661 0882 Ave Beach Stewart St Jervis St Hastings St E. Commissioner Dundas St Cordova St Centennial Rd Nelson St Barclay St Burrard Pender St Bute St Triumph St 1A Bidwell St Haro St [email protected] Railway St Stewart St Dunsmuir St Alexander St Pandora St Pandora St
Lakewood Dr Pendrell St Thurlow St Water St Powell St Penticton St
Woodland Dr
Nanaimo St Princess Ave Princess Heatley Ave Cardero St Comox St Ave Hawks
Mclean Dr
Clark Dr Powell St Franklin St Franklin St Victoria Dr Franklin St W. Georgia St Powell St
Columbia St Nicola St St Abbott Seymour St
Dunlevy Ave Burrard St Glen Dr
Kamloops St
Commercial Dr
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Jackson Ave Burnaby St 7A Hastings St Garden Dr
City Centre Homer St Pender St
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Templeton Dr
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Nanaimo St Foreshore Rogers Expo Blvd Union St Garden Dr Davie St
Mclean Dr Venables St Park Beatty St Arena Union St
Helmcken St VenablesClark Dr St
Blvd Georgia Viad Victoria Dr BC Place Prior St Prior St Raymur Ave Parker St +1 604 661 0886 Burrard Inlet Drake St Station St Parker St Stadium Hornby St Mainland St Expo
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Glen Dr [email protected] Seymour St National Ave Cotton Dr William St Burrard Bridge Pacic Blvd William St
Locarno Richards St Yaletown/ St Chess
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Beach Park Roundhouse Odlum Dr Fannin Ave Science National Ave Charles St Homer St Charles St Penticton St World Main Street
Garden Dr Langara St Pacic Blvd
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Kamloops St
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Industrial Ave Semlin Dr Collingwood St Collingwood
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Baywater St Baywater
WaterlooSt
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Carolina St
Ontario St
Fraser St Grey Park 7 Ave 7 Ave 7 Ave 7 Ave Keith Dr INVESTMENT HIGHLIGHTS College Highroad 7 Ave 7 Ave 7 Ave
8 Ave 7 Ave 7 Ave
TrafalgarSt
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Spruce St
Oak St
Vine St 8 Ave Alder St Birch St
Willow St Laurel St Guelph Park
Yew St “Pacific Beach” 8 Ave 8 Ave 8 Ave 8 Ave W Broadway 8 Ave 8 Ave 8 Ave 9 Ave 8 Ave 8 Ave 8 Ave
University Prince Edward St W Broadway Broadway/ W Broadway Woodland Dr St George St
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St Catherines St E Broadway
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Pine St
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Manitoba St
Alberta St
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12 Ave 11 Ave Blenheim St Blenheim Total Population (2014) 57,774 105,862 Nanaimo St 12 Ave 12 Ave
Carolina St Sassmat St Sassmat Almond 12 Ave 12 Ave 12 Ave 12 Ave Yukon St 12 Ave 1380 Jervis Street, Vancouver, BC 13 Ave WaterlooSt 12 Ave 12 Ave 12 Ave
13 Ave Park TrutchSt LarchSt
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Willow St
15 Ave Vine St 16 Ave 15 Ave 15 Ave Main St Clark Park 15 Ave 15 Ave 15 Ave 15 Ave
Dumfries St
16 Ave St George St 15 Ave
Carolina St
Tupper St Victoria Dr
Laurel St
Yukon St 200 Granville Street, 19th Floor16 Ave St Balaclava 16 Ave e 16 Ave v 16 Ave 16 Ave 16 Ave Trout CrownSt A 17 Ave e W Lake
Camosun St Camosun >> Prime waterfront location across from Sunset Beach Average Household Income l(2014) o $61,553 $69,460 West Mall lfe Beaconseld 17 Ave John Ash St
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