Property Overview

  • Status
    Sold
  • Address
    Evergreen Gardens Apartment
    4564 Evergreen Lane
    Delta, BC
  • Neighbourhood
    Ladner
  • # of Units
    24
  • Year Built
    1983
  • PID
    002-409-623
  • Lot Size
    23,173 SQFT
  • Zoning
    RM-6A
  • Price
    $5,300,000
  • The Opportunity

    A rare opportunity to acquire 100% freehold interest in a superbly well managed and maintained 24-unit apartment building; Evergreen Gardens Apartments. The quintessential seaside community is experiencing significant growth and with the increased cost of home ownership in Ladner, the rental market has tightened up and become a highly sought after market for investors. As tenants turnover, investors have the opportunity to modernize the spacious and well laid out residential units in the interest of increasing the properties overall revenue and enhancing the investment yield.

    Investment Highlights

    • Exceptionally well managed and maintained by original ownership
    • Proven value-add opportunity and revenue upside upon tenant turnover
    • Good suite mix of spacious and well laid out units all with balconies, storage locker and parking stall
    • Tenants pay their own electricity and heat
    • Situated on over ½ an acre of residential land in attractive growth sub-market of Metro Vancouver
    • Short walking distance to shops, services and amenities for tenants

    Location Highlights

    • Ladner is a very desirable, rapidly growing, and sought after seaside community located in the Delta region of Metro Vancouver
    • Three different neighbourhood shopping centres are located less than a 7 minute walk from the Property
    • The Property is a 4 minute walk from the Delta-Ladner Community Centre, Memorial Park, and the Ladner Outdoor Pool
    • Tsawwassen Mills shopping mall is a 13 minute drive from The Property and features 1.2 million sf in retail space with over 200 retailers.
    • 15 minute drive to Tsawwassen Ferry Terminal which provides access to Vancouver Island
    • A replacement bridge is currently under review for the congested George Massey Tunnel will significantly improve travel times to-and-from the Delta Region.
    David Venance
    Executive Vice President

    David Venance

    Property Location