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FOR SALE 2293 West 6th Avenue // Vancouver // BC
Colliers International200 Granville Street | 19th Floor
Vancouver, BC | V6C 2R6P: +1 604 681 4111
Steve FamePersonal Real Estate CorporationSenior Vice PresidentTEL: 604 761 [email protected]
Dan ChatfieldAssociateTEL: 604 318 [email protected]
2293 West 6th Avenue is strategically located on the northeast corner of Vine Street and West 6th Avenue in the Kitsilano neighbourhood of Vancouver. The subject property’s central location appeals to tenants for it is a renowned walker and cyclist paradise. Kitsilano has witnessed impressive rental rate growth in recent years and landlords have enjoyed a steady, near-zero percent vacancy rate.
The “live-work-play” aspect of Kitsilano attracts a wide array of tenant profiles, as students, families and established professionals rent in the area to take advantage of its stunning natural and convenient commercial amenities. The abundance of transit options on both West 4th Avenue and West Broadway add to the allure of Kitsilano and the inevitable UBC-Broadway Millennium Line Skytrain Extension will further highlight the area for its accessibility and convenience.
Transit options, desirable amenities, and historically high occupancy combine to present an opportunity to acquire an extremely secure investment with assured income growth and capital appreciation.
LOCATION
Address 2293 West 6th Avenue
Legal Address Lot 20, Block 263, District Lot 526, Plan 590
PID 015-229-254
Total Site Area 6,000 SF
Site Dimension 50’ x 120’
Improvements The property is improved with a two-storey plus basement wood-frame townhome complex
Property Taxes $10,203.42 (2017)
Current Zoning RM-4
Asking Price $8,498,000
SALIENT FACTS
• Elite corner location in the heart of Kitsilano
• 12-unit condo-quality suites with in-suite laundry
• All new Kitchens, bathrooms, and flooring
• Suites may be demised as 3-level, 3-bedroom, 2-bathroom homes
• Ability to hand select tenants due to potential vacant possession
• Immersed within an abundance of retail options on West 4th Avenue
and transit options on West Broadway
PROPERTY FEATURES
IMPROVEMENTS
Originally built in 1960, the subject property is improved with a two-storey plus basement wood-frame townhome complex which will be completely restored in 2017. The exterior wood siding is finished with a well-maintained stucco and wood-panel façade and the yard surrounding the complex has been refinished with large paving stones, providing tenants with multi-level suites and private patios.
The complex is currently configured with six two-level, two-bedroom townhomes and six garden-level studios, for a total of 12 suites; all of which will be dramatically upgraded to condo-like quality. All suites feature open floor plans, high ceilings, vinyl plank flooring and numerous large windows providing an abundance of natural light.
The two-level, two-bedroom townhomes feature fully-equipped kitchens with brand-new fridges, electric range stoves, microwaves and dishwashers, as well as, stacked washing machines and dryers on the main floor. The two large bedrooms are located on the second floor, both of which feature ample closet space. Also on the second floor are the bathrooms, which have been renovated with new tubs, vanities and toilets. The garden-level studios enjoy private entrances leading to a separate kitchen area that features an all-in-one kitchenette with two electric burners, a sink, a mini-fridge, and a ventless washer/dryer combo. There is also a spacious living area that allows for a large bed, work space, and an area for lounging. All garden-level studios have updated bathrooms with large shower stalls, new vanities and toilets.
Domestic water is provided to correlating two-level townhomes and garden-level studios by way of new Rheem 178 litre hot water tanks found in the garden-level studios. Heat is provided through electric baseboards and the building also features new electrical panels.
LEGAL PLAN
West 6th AvenueWest 4th Avenue
Colliers International200 Granville Street | 19th Floor
Vancouver, BC | V6C 2R6P: +1 604 681 4111
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. HL 092017
Steve FamePersonal Real Estate CorporationSenior Vice PresidentTEL: 604 761 [email protected]
Dan ChatfieldAssociateTEL: 604 318 [email protected]
West Broadway
Vine Street
Yew Street
Arbutus Street
Burrard Street Bridge
Downtown VancouverStanley Park
Kitsilano Beach
Kitsilano Pool
English Bay
