The Claymore
5374 203 Street

SOLD

Cushman & Wakefield ULC (“Cushman & Wakefield” or “C&W”) is pleased to announce the successful sale of 5374 203 Street, Langley City, BC (the “Property”), Sold on behalf of CAPREIT . Commonly known as The Claymore, the Property is a 54-suite strata-titled rental apartment building situated on 1.57 acres of land slated for residential development.

The Property is currently improved with a three-storey wood-frame strata building constructed in 1991 atop one level of underground secured parking. The Claymore has virtually no deferred repair and maintenance due to the institutional ownership which has employed a diligent management and thorough capital expenditure program. The Claymore features approximately 40,266 of net rentable area with an average suite size of approximately 745 square feet. The 54 suites at the Property are comprised of 30 one-bedroom units and 24 two-bedroom units.

The Property is centrally positioned in the City of Langley on the corner of 203 Street and 53 Avenue. Only a 9-minute walk from the 203 Street station of the future Surrey-Langley SkyTrain which is expected to be operational in 2028. Acting as both the terminus station and a main transit exchange, the 203 Street station will connect Langley City and the surrounding Fraser Valley with Metro Vancouver and the downtown core.

Investment Highlights

• 1.57 acre corner lot 
• 9-minute walk to the 203 Street station of the Surrey Langley SkyTrain, positioning the property to benefit from increased housing demand and economic growth in the region
• Rigorous institutional property management standards combined with consistent capital expenditures by the Vendor has resulted in a building with no deferred repair & maintenance

For more information on the sale the Claymore, or to obtain a confidential market value estimate of your property, please contact a member of the exclusive property advisors.