Buena Vista & Belaire Apartments
14831 101 A Avenue & 10181 149th Street

SOLD

On behalf of Barafield Realty Ltd., Cushman & Wakefield ULC. is pleased to announce the sale of thirteen (13) multi-family rental properties comprising a total of 1,058 rental suites. The properties are located in four (4) municipalities, including Vancouver, Burnaby, Coquitlam, and Surrey, and represented an exceptional opportunity to acquire a mix of highly coveted income producing multi-family rental assets as well as rental intensification and condominium redevelopment projects in some of the region’s highest growth areas.

Among the portfolio sale are Buena Vista and Belaire Apartments located at 14831 101A Avenue and 10181 149th Street in Surrey, BC. This combined 140-suite rental property sits on approximately 4.6 acres of site area in Surrey’s Guildford Town Centre. The Properties are one of the largest and best performing rental assets in Guildford, with an underlying land value for future redevelopment.

The Buena Vista and Belaire Apartments are two “L”-shaped wood-frame buildings with poured in place concrete foundation and underground parking. Each building comprises 70 rental suites for a total of 140 rental suites with an identical suite mix between the buildings. Each building has an underground parkade with 80 stalls each and 11 surface parking stalls for a total of 171 parking stalls. Each building is equipped with an elevator and a shared laundry room.