Lorraine Apartments
Vancouver , British Columbia
Building
Stats
- Property Type Multifamily - High-Rise
- Year built 1964
- Building size (SF) 36,440
- Size (Ac) 0.57
Overview
The Avison Young Multi-Family Team is pleased to present this rare opportunity to acquire a 100% interest in Lorraine Apartments at 2121 W. 44th Avenue, Vancouver, BC (the "Property”). This fifty-nine (59) unit concrete rental apartment building is located in Kerrisdale, one of the most affluent neighbourhoods in Vancouver. The Property is located within steps of Kerrisdale Village, the main shopping district with an abundance of services and amenities along West Boulevard and W. 41st Avenue. This is a legacy opportunity for an investor to acquire a premier concrete rental apartment building located in one of the best rental districts in Vancouver.
Highlights
Premier Vancouver location
Large 24,672 sf lot
Quality capital upgrades completed
Conveniently serviced by the R4 bus line
Professionally managed by Tribe Management
Ownership status: Asset sale
Financing: Clear title
Stabilized net operating income (2022): $709,757
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