The “Garden Manor Apartments” is a substantially renovated 3-storey plus underground parkade, 16-suite rental apartment building prominently located in the highly sought-after Grandview-Woodland Neighborhood. The building has enjoyed a variety of recent capital upgrades including; a full re-pipe, new windows and sliders, new front intercom system, lobby and common area updates and a full renovation to 11 of 16 suites, to name a few. Cap rate on the list price is 3% with excellent future rental upside. The Offering provides prospective investors the opportunity to increase cash flow and yield by renovating the remaining 5 un-renovated suites on turnover and increasing rents to match the rents currently being achieved within the building. Additionally, due to the property’s inclusion in the recently approved Grandview-Woodland Community Plan there is significant future redevelopment opportunity.
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