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Greatview Manor Apartments

  • $27,700,000

Salient Details

  • Units 66
  • Suite Mix 64-1 Bedroom, 1-2 Bedroom, 1-2 Bedroom + Den
  • Lot Size 12,969 sf
  • Net Rentable sf 31,372 sf
  • Year Built 1962
  • Net Income $792,940
  • Cap Rate 2.86%

Greatview Manor Apartments

Greatview Manor is a 66-unit 9 storey concrete rental apartment building featuring a world class location in Vancouver’s vibrant West End.
1280 Haro Street - Brochure
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McEvay Blair Multifamily Group - Greatview Manor Apartments - 1280 Haro Street Vancouver 14

Investment Highlights

Coveted Concrete Construction
Greatview Manor is a nine-storey apartment building, originally built in 1962, featuring 66-units, communal laundry services, storage lockers, surface, and secured parking, and two elevators. Having been built of concrete construction it is a coveted and exceedingly rarely offered asset
Surrounded by World Class Amenities
Situated in the heart of Vancouver’s vibrant West End the Property is surrounded by world class amenities including restaurants and shops along Robson Street, Stanley Park, English Bay and Sunset Beach.
Pride of Ownership
Long term pride of ownership is evident throughout the meticulously maintained building. Significant capital expenditures have been undertaken in recent years, minimizing future capital exposure.
Transit Oriented Location
Greatview Manor’s central and convenient location provides tenants with nearly immediate access to multiple bus routes spanning in all directions of the city and is within walking distance to Downtown Vancouver’s Central Business District along with Burrard Station providing access to the SkyTrain’s expanding network across the Lower Mainland.
Rental Growth Repositioning
There is approximately 72% mark-to-market upside on the current rents averaging $1,279 or $2.26 per square foot when compared to competing rents in the neighbourhood. The opportunity presents incredible value-add potential to increase rents upon organic tenant turnover, taking advantage of the Property’s healthy turnover rate of 8.59% per annum.
Laneway Infill Development Potential
Under the Laneways 2.0 strategy within the West End Community Plan the Property carries the potential for infill development of the under-utilized lane frontage.

Gallery

Contact us

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick