FOR SALE

rwittstock

3636-fraser-street

FOR SALE

THE RODDINGTON

3636 FRASER STREET, VANCOUVER, BC

14 UNIT APARTMENT BUILDING

• Well-maintained, fully rented with stable income

• Well located in rapidly growing area of Fraser,

walking distance from shops, restaurants & cafes

• RT-2 Zoning on arterial corridor

Brett Aura

Personal Real Estate Corporation

Vice President, Capital Markets Group

604 608 5934

brett.aura@ca.cushwake.com

Suite 700 - 700 West Georgia Street / PO Box 10023, Pacific Centre / Vancouver, BC V7Y 1A1 / 604 683 3111 / 1 877 788 3111 / cushmanwakefield.com


SALIENT DETAILS

THE PROPERTY

Address

Legal Description

3636 Fraser Street, Vancouver, BC

Lot 3, Block 43, Plan VAP187, DL 301, New Westminster

Land District, the south 1.4’ of south ½ of Lot 3

PID 010-258-876

Zoning

RT-2

Site Size 6,606 sf (54.15’ x 122’)

Density

Parking

0.75 as RT-2. Potential for future higher density under a

Rental 100 application as a purpose built rental building

Surface parking at rear

Stories 4

Unit Summary

Financing

One Bedroom: 9

Two Bedroom: 3

Studio Spaces: 2

Total Units: 14

Treat as clear title

Assessed Value $3,238,000

Gross Taxes $7,783.94 (2016)

Pro Forma Net Income $177,880

Asking Price $4,950,000


OPPORTUNITY

Cushman & Wakefield is pleased to present

the opportunity to purchase 100% interest in

the Roddington, a 14 unit apartment building

located at Fraser and E. 21st Avenue in Vancouver.

The property is fully rented and has been well

maintained with regular upgrades, offering stable

cashflows in a developing area popular

with renters.

THE BUILDING

The building has been well maintained and while not fully renovated, has had many

upgrades over recent years, including new double pane windows installed 2012 with

auto laminate glass, new roof in 2003, exterior repainted and remodeled 2005, extensive

foundation work done - 30 cu meters of cement, perimeter drainage completely dug up

and replaced with new sump to City Storm Sewer, basement completely redone with all

permits in 2001, new 2 inch potable water inlet line, new sewer line from building outfall

to city sewer line in laneway, all redone hallways and stairs, LED lighting in common

areas. Most units have also had renovations but potential still exists to further improve

the building to achieve increased rents if desired.

THE AREA

The Roddington is located on Fraser Street between E. 20th and E. 21st Avenue, walking distance to shops and restaurants within a block or

two in either direction, including: Earnest Ice Cream, Prado Café, JJ Bean, Batard Boulangerie, Savio Volpe, Les Faux Bourgeois, Masayoshi

and many others. Transit stops on Fraser are a half block away and Downtown and Main Street are within a short bus or bike ride. Many recent

developments have been completed or are underway in the immediate area, and additional future development is anticipated.


FOR SALE

THE RODDINGTON

3636 FRASER STREET, VANCOUVER, BC

14 UNIT APARTMENT BUILDING

DOWNTOWN VANCOUVER

Brett Aura

Personal Real Estate Corporation

Vice President, Capital Markets Group

604 608 5934

brett.aura@ca.cushwake.com

E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. 01/17 bg

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