Villa Contessa
1433 Burnaby Street

SOLD

Villa Contessa presents a rare opportunity to acquire a 100% freehold interest in a quintessential investment property located in the heart of Vancouver’s West End.

Investment Highlights

• A rare and exclusive opportunity to acquire a prime concrete high-rise apartment building in one of the most sought after locations in the region
• The Property benefits from long term family owners that have proactively maintained the building
• An attractive core investment profile, with secure and stable cashflow provided by an attractive rental demographic
• The Property boasts significant short term yield growth potential with existing rental rates 40% below market

Paramount Location

• One of the most desirable and livable neighbourhoods in the city
• Highly walkable peninsula adjacent to the Downtown business core
• Tranquility of a residential neighbourhood with the amenities of urban living

Superior Building Quality

• Family owned for 43 years
• Professionally managed to a high degree of care
• No deferred repairs or maintenance
• Sought after high-rise concrete construction
• Ideal suite mix of primarily one bedroom units

Secure Income & Growth Potential

• Proven asset class, resilient to market volatility
• Secure and stable income stream
• Current rents significantly below market with near immediate upside upon tenant turnover
• Further opportunity to enhance investment yield over time upon suite modernization