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.

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Attributes

Year built

1968

Units

NOI

$375,000

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.