2070 Cornwall Avenue, Vancouver, BC, V6J 1E1, CA

Cornwall Court

Asset Description

Cornwall Court is a 35-suite apartment building situated near the southeast corner of Cornwall Avenue and Arbutus Street, in the heart of Vancouver’s Kitsilano neighbourhood.

The exceptionally well maintained property features 34 one-bedroom suites and one (1) two-bedroom suite with bright spacious layouts and balconies in every suite. The on-site parking is comprised of a secured underground parkade with 35 vehicle stalls and secured bike storage.

The Property offers an irreplaceable location directly across from the Kitsilano Beach Park and within a short walk to dining and shopping along Yew Street, W 4th Avenue and West Broadway. The immediate area also features exceptional recreational amenities with tennis and basketball courts, an outdoor saltwater swimming pool, the Seawall and Vanier Park.

...

Attributes

Year built

1968

Number of units

NOI

MYR 1,665,000

Media

Investment Highlights

• Unmatched location, in the heart of Kitsilano, directly across from the Kitsilano Beach Park and a short walking distance to Yew Street and W 4th Avenue shopping and dining.

• Offers great transit and bicycle connectivity with a quick commute to Downtown Vancouver and other nearby destinations including UBC, Vancouver General Hospital, and Cambie & Broadway big box stores.

• A trophy multi-family rental building with large suite sizes, balconies in all suites as well as underground parking.

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