Holdom Place
281 Holdom Avenue

FOR SALE

The Opportunity 

Cushman and Wakefield ULC is pleased to present to the investment market on an exclusive basis on behalf of the Vendor, a 100% freehold interest in 281 Holdom Avenue, Burnaby, BC (the “Property). Otherwise known as Holdom Place, the 90-suite rental building is underpinned by a sprawling 1.7-acre lot. The Property’s suite mix comprises a healthy mix of 41 one-bedroom, 44 two-bedroom, and 5 three-bedroom units. Holdom Place features larger than typical suite sizes boasting an average of 763 square feet for a total net rentable area of 68,645 square feet.

The four-storey, wood-framed building was constructed in 1973 by the property’s current ownership group and has since been asset and property managed by the same.

Investment Highlights

• SCALED INVESTMENT OPPORTUNITY

  The 90-unit wood-framed apartment building sits on approximately 1.7 acres of land offering purchasers a rare
  opportunity to acquire a well-located, value-add investment property of scale.

• NEVER BEEN SOLD

  Holdom Place was built by the current ownership group and has been pridefully owned and operated by the same group ever since.

• STRATEGIC LOCATION

  Steps from Hastings Street, Holdom Place provides immediate connectivity to the North Shore, the surrounding Metro Vancouver region, and Downtown Vancouver.

• PROXIMITY TO SIMON FRASER UNIVERSITY

  BC’s second largest university is a short 6-minute drive and on a direct transit route from the Property creating steady rental demand from a pool of high-quality tenants.

• CONSIDERABLE INCOME GROWTH POTENTIAL

  Rental rates at the property are averaging $1.80 per square foot providing investors a projected 80% revenue upside upon tenant turnover and suite renovation.

• HISTORY OF BUILDING UPGRADES

  A number of building upgrades have been undertaken in the past 15 years including roof, balconies, building re-piping, and elevator modernization.

• THOUGHTFULLY DESIGNED UNIT PLANS

  Suite mix consists of large one, two, and three bedroom units with all two and three bedroom units featuring en-suite bathrooms.

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