1919 West 8th Avenue, Vancouver, BC, V6J 3M7, CA

Rochelle Court

Asset Description

Rochelle Court is a 20-suite apartment building conveniently situated near the northwest corner of W 8th Avenue and Cypress Street in the vibrant Kitsilano neighborhood.

The Property features a mix of studio, one, and two bedroom suites with balconies and efficient layouts in a three storey, exceptionally well maintained building. Rochelle Court’s prime location offers easy access to a wide array of shops and restaurants along West Broadway and W 4th Avenue, as well as soughtafter recreational amenities. The Property also provides excellent transit and bicycle connectivity, facilitating quick commutes to downtown Vancouver and nearby destinations, including UBC, Vancouver General Hospital, and the major retailers at Cambie & Broadway.

The Property’s accessibility is set to improve further with the anticipated completion of the Broadway Subway construction in 2026 as the forthcoming Arbutus Station will be located within a 5-minute walk from Rochelle Court.

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Attributes

Year built

1966

Number of units

20 units

NOI

€187,000

Media

Investment Highlights

• Attractive, highly walkable and connected location in the heart of Kitsilano, in close proximity to the future Arbutus Subway Station with an abundance of amenities nearby.

• Exceptionally well-positioned for future growth as transformation of the Broadway Corridor evolves and the Broadway Subway opens in 2026.

• Fully leased generating stable income with significant growth potential upon tenant turnover and value-add through optimization of expenses.

• Future redevelopment potential based on the recently adopted Broadway Plan which contemplates density up to 6.5 FSR and up to 20 storeys.