For Sale | Studio Loft Investment Portfolio

Multi-Family for Sale
Catylist Listing ID: 30566604
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 2,020 SF
Gross Building Area: See Agent
Sale Price: $2,029,000
Unit Price: $405,800 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/27/2020

Overview / Comments

The Oxley
The Oxley is a boutique collection of meticulously designed residences atop a main level commercial industrial/office space, developed in 2016. Featuring a contemporary aesthetic throughout, the project was designed by Taylor Kurtz Architecture + Design, and combines white-brick, black steel and wood with thoughtful interior layouts. The Oxley is located in the epicentre of Commercial Drive, Strathcona and Hastings Sunrise, three of the most vibrant and fastest-growing districts in Vancouver.

The Opportunity
Constructed in 2016, The Oxley is a modern white-brick boutique residence located just steps from trendy Commercial Drive. This exceptional investment opportunity features a portfolio of five contemporary studio loft rental units on an amalgamated single title. All thoughtfully designed, each unit features an open concept floorplan, polished concrete floors, custom imported Italian kitchens with integrated appliances, custom built-in storage and cabinetry, with sleek and modern bathrooms. With historically low vacancy rates hovering at approximately 1.1% in Metro Vancouver and strong upward rental pressure, this is a strategic, low maintenance investment opportunity in a highly desired rental market. Situated in a newer strata-titled development, this investment offers excellent in-place income with robust upside, with the unique benefit of minimal capital expenditure exposure.

Attachments & Media

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 030-079-837
Area Description: Strategically located near the corner of East Pender Street and Commercial Drive, The Oxley is located just steps away from numerous restaurants, brewpubs and cafes including Pepino’s Spaghetti House, Pallet Coffee Roasters, Bosa Foods, and Storm Brewing, to name a few. Situated just minutes from downtown Vancouver, this vibrant area is in the midst of significant growth with successful projects including Bohème by Millennium Developments and Strathcona Village by Wall Financial completed in recent years. Recent acquisitions by Cressey, Anthem Properties, Onni Group, and Mosaic (among others) are further driving significant residential development and growth in the immediate area. The neighbourhood is well-serviced by amenities including Woodland Park, numerous schools, community centres and cultural venues, placing this asset in a highly desirable location to live and play.
Property Condition: Excellent
Year Built: 2017
Construction/Siding: Brick

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Contact

Photograph of Listing Agent

Robert Tham

Corbel Commercial Inc. Commercial First Member
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