For sale

East Vancouver’s latest apartment building FOR SALE. Situated on a corner lot in the quiet Cedar Cove, this building offers 12 suites (11 one-bedroom & 1 two-bedroom) in excellent condition. All units are made special by spacious wraparound balconies. The north-facing units on the second and third floors especially enjoy the magnificent view of the Burrard Inlet and the North Shore mountains. The south-facing units have large windows that allow ample light in. The property features a beautiful garden, well maintained by residents. Tenants also enjoy the convenience of the large private parking lot that is perfect for 9 vehicles. Updates have been implemented recently to increase the value of the property. Such updates include a new roof, hot water tank, hot water boiler, and double-glazed windows. Future development is available as well with a potential 2.4 FSR for purpose-built rental in the Grandview Woodland’s OCP. Current rents are substantially below market providing opportunities for rent increases.