Park Strand Apartments

Investment Overview

The Avison Young Multi-Family Team is pleased to present the opportunity to acquire Park Strand Apartments, located at 1999 Nelson Street in Vancouver’s highly desirable West End neighbourhood. Park Strand is a well-maintained, 49-unit rental apartment building situated on a 17,292 sf site, offering favourable scale and a desirable suite mix predominantly comprised of one-bedroom units.

The Property has benefited from ongoing capital investment and offers rental upside through unit turnover and mark-to-market rent adjustments. Ideally positioned west of Denman Street and within walking distance of Stanley Park, English Bay and the West End’s extensive amenities, Park Strand combines stable in-place income with long-term rental upside in one of Vancouver’s most established rental neighbourhoods.

Investment Highlights

• • IRREPLACEABLE WEST END LOCATION: Situated west of Denman Street in an established, supply-constrained rental neighbourhood
• • FAVOURABLE SCALE: 49-unit rental building offering meaningful scale in Vancouver’s West End
• • DESIRABLE SUITE MIX: Predominantly one-bedroom units, with limited bachelor exposure and four larger two-bedroom residences
• • RENTAL UPSIDE: Opportunity to drive income growth through unit turnover and mark-to-market rent adjustments
• • CAPITAL IMPROVEMENTS: Well-maintained Property that has benefited from investment in major building systems and improvements
• • CAPITAL IMPROVEMENTS: Well-maintained Property that has benefited from investment in major building systems and improvements
• • HELD IN A BARE TRUST: Potential for property transfer tax savings