Property Overview

  • Status
    Sold
  • Address
    Villa Contessa
    1433 Burnaby Street
    Vancouver, BC
  • # of Units
    30
  • # of Storeys
    9
  • Year Built
    1969
  • PID
    015-747-603
  • Lot Size
    8,646 SQFT
  • Zoning
    RM-5A
  • Price
    Please Contact Listing Agents
  • Villa Contessa presents a rare opportunity to acquire a 100% freehold interest in a quintessential investment property located in the heart of Vancouver’s West End.

    Investment Highlights

    • A rare and exclusive opportunity to acquire a prime concrete high-rise apartment building in one of the most sought after locations in the region
    • The Property benefits from long term family owners that have proactively maintained the building
    • An attractive core investment profile, with secure and stable cashflow provided by an attractive rental demographic
    • The Property boasts significant short term yield growth potential with existing rental rates 40% below market

    Paramount Location

    • One of the most desirable and livable neighbourhoods in the city
    • Highly walkable peninsula adjacent to the Downtown business core
    • Tranquility of a residential neighbourhood with the amenities of urban living

    Superior Building Quality

    • Family owned for 43 years
    • Professionally managed to a high degree of care
    • No deferred repairs or maintenance
    • Sought after high-rise concrete construction
    • Ideal suite mix of primarily one bedroom units

    Secure Income & Growth Potential

    • Proven asset class, resilient to market volatility
    • Secure and stable income stream
    • Current rents significantly below market with near immediate upside upon tenant turnover
    • Further opportunity to enhance investment yield over time upon suite modernization
    David Venance
    Executive Vice President

    David Venance

    Property Location