For Sale: Luxury purpose-built rental complex in Vancouver's English Bay

Alexandra, English Bay
1221 Bidwell Street, Vancouver
49 suites within a distinct air space parcel
$16,499,000 (4.3% cap rate)

David and Mark Goodman of HQ Commercial are pleased to advise that they have been retained by the prominent joint venture development team – Millennium Development and Concord Pacific – to market on an exclusive basis a rare rental apartment complex.

This offering represents a truly unique opportunity to acquire a luxury rental apartment asset located in Vancouver’s coveted Downtown English Bay neighbourhood consisting of a newly constructed 49-suite purpose-built rental air space parcel on the third, fourth and fifth floors. The rental portion of the development is further complemented by two additional air space parcels each holding its own separate legal title—this includes fifteen additional levels of stratified condominiums and an 8,690 sq. ft. ground floor retail podium that are not part of the offering. 

View detailed information package: https://goodmanreport.com