for sale oak - jll oak... · oak for sale street vancouver 12 suite shaughnessy apartment building...
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OA
KSt
reet
Vanc
ouve
rFOR SALE
12 Suite Shaughnessy Apartment Building with
Future Development Potential
12 Units(2 U/A)
2 - Bachelor 10 - 1 Bedroom
PID 011-028-432
Construction 3 storey wood frame
Lot Size (Approx) 6,378 sf
Lot Dimmension 53.15 x 120 feet
Zoning RM-3A
Year Built 1946
Property Taxes (2018) $12,252.39
Assessment (2018) Land $ 2,895,000 Improvement $ 2,384,000Total $ 5,279,000
Price Contact Listing Agents
PROPERTY DETAILS
4141 Oak Street presents investors with an
opportunity to acquire a 100% freehold
interest in a boutique apartment building
located in one of Vancouver’s most affluent
neighbourhoods - Shaughnessy. The 6,378
square foot lot is improved with 12 spa-
cious units, each equipped with their own
dishwasher. This well maintained build-
ing features new double paned windows
throughout, a high efficiency Mighty-Therm
boiler, and a large laundry room with two
sets of coin operated machines. Located at
the prominent intersection of King Edward
& Oak, the property presents future devel-
opment potential having been designated
for 3.0 FSR under the Cambie Corridor OCP
allowing for 19,134 buildable square feet.
Avonlea Apartments Current rents 22% below current CMHC average market rates
FUTURE DEVELOPMENT POTENTIAL
› Centrally located next to the intersection of King Edward Street and Oak Street the Property is in the heart of Shaughnessy’s medical district with services including the:
− the BC Children’s Hospital
− Ronald McDonald House BC
− Canadian Blood Services’ Blood Do-nor Clinic
− BC Injury Research & Prevention Unit
− Provincial Medical Genetics Program
› The neighbourhood is serviced by the Can-ada Line Skytrain. King Edward Station is a 12 minute walk from the Property.
› Ideally located across the street from the King Edward Mall which hosts essential amenities
› The property is located a 20 minute walk from Queen Elizabeth Park, a 130 acre historic quarry garden with amazing city views and activities
SHAUGHNESSY
CAMBIE CORRIDOR OCP
3.0 FSRMixed-Use Designation
6 StoreyRetail with Residential Above
19,134 sfBuildable Square Feet
RENT ROLL SUMMARY
Type Units Avg. Rent
Bachelor 2 $654
1 Bedroom 10 $1,218
TOTAL 12 Units $1,124
Subject Property
INCOME SUMMARY
EGR $163,148
Expenses $44,851
NOI $118,297
OA
K ST
REET
W KING EDWARD AVENUE
OA
K ST
REET
BC Children’s and Women’s
Hospital
Shaughnessy Park
Granville Island
Downtown Business District
Subject Property
SafewayStarbucksTD Canada TrustOsaka SushiKim Express VietnameseLibations Liquor StoreCanada Post OfficeShell Gas StationDragon Ball Tea HouseEmily Carr Elementary School
Douglas Park Community Centre
W KING EDWARD AVENUE
CAM
BIE STREET
King Edward Canada Line Station
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*Personal Real Estate Corporation Jones Lang LaSalle Real Estate Services, Inc. | 355 Burrard Street, 14th Floor | Vancouver, British Columbia, V6C 2G6
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