Property Overview

  • Status
    Sold
  • Deal Status
    Active
  • Address
    Shields Apartments
    5940 Balsam Street
    Vancouver, BC
  • Neighbourhood
    Kerrisdale
  • # of Units
    18
  • # of Storeys
    4
  • Year Built
    1964
  • PID
    011-456-663,011-456-671,011-456-680,011-456-655
  • Lot Size
    12,432 SQFT
  • Zoning
    RM-3 Multi-Family Dwelling
  • Price
    $7,550,000
  • Multifamily Investment Opportunity

    Cushman & Wakefi eld ULC presents investors the opportunity to acquire 100% freehold interest in the Property located at 5940 Balsam Street (the “Property” or “Shields Apartments”). Shields Apartments is a purpose-built rental apartment building constructed in 1964 and is comprised of 18 residential rental units, including a penthouse, situated on approximately a 12,432 square foot corner lot, in the heart of Vancouver’s Kerrisdale neighbourhood. The property is 100% occupied and has been owned and professionally managed by the same family and property management company for over fifty years. The rental revenue is resilient to essentially all forms of economic volatility and possesses significant growth and value-add potential.

    Located in the Heart of Kerrisdale

    • One of Vancouver’s most established and affl uent neighbourhoods
    • Property is situated on the south east corner of Balsam Street and West 43rd Avenue
    • Two blocks south of the vibrant West 41st Avenue retail node
    • Two blocks west of the Kerrisdale Community Centre
    • Walking distance to Point Grey High School, Maple Grove Park, and Kerrisdale Arena
    • Proximity to regional Oakridge Shopping Centre
    David Venance
    Executive Vice President

    David Venance

    Don Duncan
    Senior Vice President

    Don Duncan

    Property Location