Harvard Apartments
1240 St. Georges Avenue

FOR SALE 

 Harvard Apartments - 1240 St. Georges Avenue

Investment Highlights

Lonsdale’s Dynamic Epicenter
Harvard Apartments is located on a prime corner lot directly across the street from the Lions Gate Hospital. The Lions Gate Hospital is a major employer and one of the busiest hospitals to service the lower mainland. The property boasts a nearly perfect walk score and is just steps away from excellent amenities including grocers, restaurants, fitness facilities and retail shops. The property’s convenient Central Lonsdale location offers instant connectivity to the surrounding Metro Vancouver area via the Trans Canada Highway. Harvard Apartments also benefits from its proximity to Lower Lonsdale – a rapidly growing, mixed-use hub for amenities offering residents easy access to Vancouver’s downtown via the Seabus.

Exceptional Asset Condition
Harvard Apartments represents one of the highest quality assets of its vintage. The building has benefited from a proactive approach to property management, with upwards of $2,000,000 in upgrades resulting in a high-quality asset and reflecting significant pride of ownership. Along with renovations to common areas and many suites, upgrades represent a multitude of capital expenditures including elevator modernization, plumbing, fire/life safety, and paving. The Property also contains a high ratio of desirable one and two-bedroom units with balconies.

Investment Yield Growth Potential
Current average rents are 32% below market providing an ongoing opportunity for revenue enhancement as units turnover. The property is fully occupied and projected to provide a potential gross revenue of over $700,000 this year (2025).

For More Information, please contact a member of the exclusive property advisors.

>>>Brochure available for download on the top right of this page