Valleycliffe Townhouses
38170, 38180, 38190, Westway Avenue

FOR SALE

The Offering

Cushman & Wakefield ULC is pleased to present to the investment market on an exclusive basis on behalf of the Vendor, a 100% freehold interest in 38170, 38180, and 38190 Westway Avenue, Squamish, BC (the “Property”). Commonly known as Valleycliffe Townhouses, the Property is currently improved with three sets of wood-frame townhomes comprising a total of 22 rental homes. Each rental suite is a three-bedroom, multi-level townhome boasting 1,100 sf of finished floor area combining for a total 24,200 square feet of net rentable area. The Property is situated across three contiguous parcels totaling approximately 61,630 square feet of land area. Valleycliffe Townhouses was acquired by the Vendor in 1979, and has been owned and operated by the same ownership group for the past 45 years. The Property’s location in Squamish’s Valleycliffe neighbourhood provides immediate access to the Sea-to-Sky Highway offering connectivity to Metro Vancouver to the south and Whistler to the north.

Investment Highlights

• LOW VACANCY MARKET

  2023 CMHC Rental Market Statistics note a 0% vacancy rate in Squamish highlighting the extreme lack of rental supply in a high demand market.

• UNIQUE RENTAL PRODUCT

  Comprised of 22 three-bedroom townhomes which are in high-demand from a wide ranging tenant demographic due to their scarcity within the rental market.

• SIGNIFICANT VALUE-ADD OPPORTUNITY

  In-place rents averaging $1.18 per square foot are projected to be over 60% below market rental rates presenting tremendous upside potential for value-add investors.

• HIGHLY CONVENIENT LOCATION

  Situated only minutes from the Sea-to-Sky Highway, the property offers immediate access to Downtown Squamish, Metro Vancouver, and Whistler.

• MASSIVE CORNER LOT

  Underpinned by a 61,630 square foot corner lot with 500 feet of frontage along Westway Avenue.

• RAPIDLY GROWING MUNICIPALITY

  Squamish is one of Canada’s top 10 fastest growing cities with a population over 20,000.

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

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