Property Overview

  • Status
    Sold
  • Address
    The Elaine
    3819 - 3821 Cambie Street
    Vancouver, BC
  • Neighbourhood
    Cambie
  • # of Units
    22
  • # of Storeys
    3
  • Year Built
    1945
  • PID
    013-273-710, 013-273-736 & 013-273-728
  • Lot Size
    13,290 SQFT
  • Zoning
    RM-3A
  • Price
    Please Contact Listing Agents
  • Opportunity

    An unprecedented and extremely rare opportunity to acquire 100% freehold interest in “The Elaine” apartments, which is a rental apartment building located at 3819 & 3821 Cambie Street. The subject Property is situated on a corner lot and comprised of approximately 13,290 sf of RM-3A zoned land along the Cambie Corridor in Vancouver’s prestigious west side, which is one of B.C.’s most sought after residential neighbourhoods. It is improved with a 22-unit apartment building which is currently professionally managed and maintained by Transpacific Realty Advisors. The opportunity is highlighted by its proximity to the King Edward Canada Line station, and the significant property value-add potential and subsequent revenue upside.

    Location | Transit Oriented Cambie Village

    The Elaine Apartments is centrally located in Vancouver’s west side on the southwest corner of Cambie Street and 22nd Avenue, in the South Cambie neighbourhood. The western perimeter of the Property flanks Cambie Street, the commercial centre of the neighbourhood known as “Cambie Village – The Heart of Vancouver”, and is only 220 meters north of the King Edward Canada Line station and the iconic Queen Elizabeth Park. The Canada Line gives tenants of Elaine Apartments easy and convenient access to several other hubs and neighbourhoods of Vancouver, most notably downtown Vancouver to the north and the Vancouver International Airport to the south. The subject Property boasts a near perfect walk score of 98/100, and there is a bus station immediately outside of the building which gives tenants access to frequent public transportation.

    With several new residential projects planned and currently under construction along the Cambie corridor and an increasing variety of retailers continuing to enter the area, South Cambie has been identified as one of the most sought after neighbourhoods for developers, retailers, and residents for years to come.

    Investment Highlights

    • Centrally located in very highly sought after Cambie Village
    • 220 meters from King Edward Canada Line Station
    • Situated on the corner Cambie Street & 22nd Avenue, lending curb appeal
    • Exceptionally well managed and maintained by professional management company
    • Desirable mix of spacious unit types
    • Massive revenue upside and value-add opportunity
    • Recent major capital expenditure completed
    • High walk, bike and transit scores

     

    David Venance
    Executive Vice President

    David Venance

    Property Location