For Sale

Mixed-use 4-storey rental building in the heart of Kitsilano 38 units: 33 residential + 5 retail units

Mark Goodman Cynthia Jagger Greater Vancouver’s authority MAYFLOWER PLACE Personal Real Estate Corporation Personal Real Estate Corporation on selling apartment buildings Direct 604 714 4790 Direct 604 912 9018 and development sites Corner of W 4th Ave & Stephens St, VANCOUVER [email protected] [email protected] www.goodmanreport.com 8.5X11 Public VanMap

MAYFLOWER PLACE

A ddress West 3rd Ave 2665-95 West 4th Ave & 1988 Stephens St, Vancouver Site Plan Legal Tra SL 1 to 38 LD 36 DL 192 Group 1 NWD Strata Plan t LMS317 S f Year built al ns

1998 g ar S he 

Zoning p C-2 e t 93’ t S Lot size   93’ × 99.67’ (9,269 SF) 99.7’ Parking West 4th Ave 38 secure underground stalls Storeys OPPORTUNITY 4 A rare opportunity to acquire an exceptionally well- Units maintained four-storey mixed-use building consisting of 38 33 residential + 5 retail units strata-titled units (33 residential suites and 5 commercial Net rentable area units at grade). Built in 1998, the property is improved on 22,212 SF (18,538 SF residential + 3,674 SF retail) a 9,269 SF C-2 zoned corner lot with 100 feet of frontage in the heart of Kitsilano. Held in a bare trust with revenue upside on suite turnover. Suite Mix Units Avg. size Location 1 bedroom 7 481 SF 1 bedroom + den 8 555 SF Mayflower Place is situated on the northeast corner of West 4th Avenue and Stephens Street in the heart of Vancouver’s 2 bedroom 12 579 SF prime Kitsilano neighbourhood, only 5 blocks to Kits Beach. 2 bedroom + den 6 630 SF West 4th Avenue offers convenient shopping, amenities, Commercial 5 cafes, restaurants and bus transportation (only one block to bus line for direct access to UBC and Downtown). Total 3825 0 25 50 Scale 1: 1826 Meters Kitsilano Beach’s coastline offers stunning views of Price English Bay, the West End’s skyline and the North Shore $22,880,000 Mountains. Within walking distance is Kits Beach pool and park, a seaside walkway that overlooks the Burrard Inlet NOI and Kitsilano Yacht Club. The Burrard Bridge is only nine $706,274 blocks away offering easy access to Downtown Vancouver. Cap rate 3.1% This communication is not intended to cause or induce breach of an existing listing agreement. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to confirm its accuracy and completeness independently. West 4th Avenue & Stephens Street, Vancouver

Building Highlights

• Residential consists of 3 ground-level suites with • Suites at the rear (north side) are accessed via their own entries and 10 suites per floor on each of private fenced and gated courtyards the upper floors for a total of 33 suites • 2 levels of secure underground parking (38 stalls) • Excellent suite mix weighted to two-bedroom units • Suites feature balconies/patios, gas fireplaces, (of which 15/18 feature 2 bathrooms) dishwashers, microwave and stacked washer • 5 commercial units: 1 unit is currently used as and dryer the residential management office—potential to • Building is fully sprinklered; features smoke convert to a ground-floor residential suite; the detectors and alarm system other 4 are retail units at grade • Lockers for each tenant and bike storage in parkade • Tenants pay for electric baseboard heating • Surveillance cameras in common areas and • Half the upper suites face north with views of the key fob system for common, parking entry and courtyard; other half face West 4th Avenue elevator use Downtown Vancouver Burrard Inlet

Granville island

B Gra u nvi rrard Br lle Br i Kitsilano dge Beach

i d g e English Bay 10 minutes to Granville Island

e 15 minutes Av to Kits Beach 3rd e st Av Tra h fal We t gar S 4 Travel times t st We S • 8 minutes to Downtown Vancouver te phe ect ns Subj S • 10 minutes to UBC t

• 16 minutes YVR airport Ma cD o nald S t

Mark Goodman Cynthia Jagger Goodman Commercial Inc. Greater Vancouver’s authority on selling Personal Real Estate Corporation Personal Real Estate Corporation 560–2608 Granville St apartment buildings and development sites Direct 604 714 4790 Direct 604 912 9018 Vancouver, BC V6H 3V3 www.goodmanreport.com [email protected] [email protected]