KERRISDALE APARTMENT PORTFOLIO

AN EXTREMELY RARE PORTFOLIO OF FOUR PREMIER HIGH-RISE RESIDENTIAL TOWERS IN THE HEART OF KERRISDALE, VANCOUVER WEST, B.C.

PORTFOLIO HIGHLIGHTS
  • All 188 units across four towers are 100% occupied with long-term tenants, providing stability in occupancy, management and cash flows;
  • There is substantial revenue growth potential through parking revenue increase and a renovation program, as only five units have been fully renovated;
  • Two out of the four towers (Executive and Savoy Towers) have excess land with the possibility to develop low-rise buildings in the event of a successful rezoning;
  • Located in the heart of Vancouver West, one of Metro Vancouver’s most prestigious & coveted residential markets, the Portfolio benefits from an affluent demographic neighbourhood profile with the average household income of $176,826, 85% higher than the City of Vancouver average;
  • The Portfolio is surrounded by many of Vancouver’s best public and private schools including St. George’s School, Crofton House and York House School, as well as only a 15-minute drive to UBC, ranked the 34th best university in the world (2017);
  • All four buildings are steps away from Kerrisdale Village (the area’s bustling central commercial hub), a wide range of premier community amenities (community centre, pool, arena and library), and high-end recreation amenities;

If you have interest in this offering and would like to receive more detailed information, please contact Megan Quinto at Megan.Quinto@cbre.com, or please call CBRE at 604 662 3000.