Pandora Apartments

$3,800,000
For Sale



Description

Pandora Apartments is an 8 unit apartment building in the very desirable East Village neighborhood of Vancouver.

The Opportunity

JLL presents multifamily investors the opportunity to acquire 100% freehold interest in Pandora Apartments is located at 2067 Pandora Street. Located in East Vancouver’s Grandview Woodland community it is steps from the hip, up and coming “East Village” business district. The Property is improved with an exceptionally well maintained three (3) story, eight (8) unit apartment building that is 100% occupied with a very desirable caliber of tenants.

Investment Highlights

  • Scale is ideal for owner to self-manage
  • Superb curb appeal and internal showing
  • Central location which is very accessible
  • Condition of building is very good; approximately $140,000 in capital expenditure since 2013
  • Spacious, well lit units each with a balcony, and some with two balconies
  • North facing units boast magnificent view of the North Shore mountains
  • 100% occupied with high-caliber tenants
  • Secure rental revenue with yield growth opportunity upon tenant turnover

East Village

With easy access to transit and an irreplaceable community feel, this vibrant and eclectic neighbourhood will continue to grow into one of Vancouver’s most sought after areas to live and do business in. The East Village is characterized by local cafes, trendy fashion shops, and craft breweries as well as key tenant services and amenities. Pandora Apartments boasts exceptional walkability with a Walk-Score of 93/100 and a bike score of 91/100. The rapidly evolving Grandview Woodlands community and East Village business district is ethnically diverse with many young professionals relocating to this area. The population is expected to grow by 10,000 people in the next 30 years.

Location

2067 Pandora Street, Vancouver, BC, Canada

Attachments

Agent

David Venance

Vice President

+1 604 998 6054
+1 604 910 3842