Garden Manor Apartments

2285 Triumph Street, Vancouver, BC

Garden Manor Apartments

THE OFFERING

CBRE Limited has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Garden Manor Apartments”. Garden Manor is a substantially renovated 3-storey plus underground parkade, 16-suite rental apartment building prominently located in the highly sought-after Grandview-Woodland Neighborhood. The Offering provides prospective investors the opportunity to increase cash flow and yield by renovating the remaining 5 un-renovated suites on turnover and increasing rents to match the rents currently being achieved within the building. Additionally, due to the property's inclusion in the recently approved Grandview-Woodland Community Plan there is significant future redevelopment opportunity. 
 

2017 RENOVATION HIGHLIGHTS

​SUITES


​BUILDING

  • ​Vancouver Cabinets high gloss white cabinets, with soft close feature
  • White Quartz counter-tops with under-mount sinks and on-trend grey herringbone tile backsplash
  • Frigidaire stainless steel appliances including 24” fridge and ceramic flat top electric stove. Stainless Steel hood fan with a charcoal filter system Four units also feature Energy Star certified dishwashers
  • Groehe designer faucets/fixtures in both the kitchen and bathrooms
  • Bathrooms have been renovated and refitted with new vanities, quartz counter tops and new dual flush, one-piece toilets. Full-sized fibre glass soaker tub and white subway tile surround
  • New lighting fixtures, switches and electrical panels with breakers in each renovated suite
  • Australian wide plank engineered flooring
  • Soundproofing completed on party walls in 7 of the 11 renovated units when required

  • ​Fully re-plumbed – supply lines are all new
  • New Vinylco double glazed vinyl windows and patio doors throughout
  • Updated foyer and mail boxes, new intercom system & LED Common area lighting installed
  • 2 New hot water tanks
  • New vinyl flooring and commercial-grade carpets throughout common areas. All handrail, spindles and trims painted throughout
  • Building exterior has upgraded fascia boards and has been fully repainted. New cedar fence stained grey to match the building
  • Attractive landscaping including a new lawn,  4 ft. hedge and additional trees and shrubs
  • Parkade: New remote control garage door, LED lighting, newly remarked parking stall lines, floor patching where required and 16 newly installed bike storage hooks
  • Torch-on roof installed in 2004 is still in good condition

LOCATION

The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities.

The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments.

2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants.

NEW PRICE

$6,384,000
 

LOCATION MAP

 ​