Birchwood Manor
517 Tenth Street

FOR SALE

The Offering

Cushman & Wakefield ULC is pleased to present to the value-add investment market on an exclusive basis on behalf of the Vendor, a 100% freehold interest in 517 Tenth Street, New Westminster, BC (the “Property”). More commonly referred to as Birchwood Manor, the four-storey wood-frame building is comprised of 2 bachelor, 12 one-bedroom, 17 two-bedroom, and 1 three-bedroom unit for a total of 32 residential suites. Suite sizes at the property average approximately 761 square feet with a total net rentable area of 24,349 square feet. The 23,513 square foot lot is located steps away from Moody Park and retail amenities in Royal City Centre mall.

Investment Highlights

• CENTRAL METRO VANCOUVER LOCATION

  New Westminster’s location is the geographic centre of Metro Vancouver and is adjacent to four distinct municipalities.

• TRANSIT ORIENTED NEIGHBOURHOOD

  New Westminster SkyTrain station, West and East bound bus routes along Sixth Avenue, and proximity to Trans-Canada Highway make for a highly connected location providing convenient access to Downtown Vancouver, the surrounding Metro Vancouver region, and the Fraser Valley.

• OPPORTUNISTIC REVENUE GROWTH

  Exceptional yield growth potential evidenced by the 105% mark-to-market rental upside.

• ATTRACTIVE SUITE MIX

  Healthy mix of bachelor, one, two, and three bedroom units ensures enduring rental demand across a wide-range of high-quality tenants including couples, downsizers, and families.

• INTRINSIC VALUE ADD

  Offered at an investment value which is well below the current improvement’s replacement cost.

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

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