For sale: Super awesome Kitsilano apartment building

Connie Lynn Apartments

1985 West 8th Avenue, Vancouver

Located in the heart of Kitsilano

One block from future Arbutus Skytrain Station

Asking $4,200,000

Overview

Connie Lynn Apartments is a well-maintained and updated 8-suite three-storey apartment building located in Vancouver’s popular Kitsilano neighbourhood – one block away from both the Broadway corridor and Arbutus Greenway and a short walk to retail on W. 4th Ave.

Built in 1964 and improved on a 6,000 SF lot, the property has a suite mix of 3 bachelors, 4 one-bedrooms and 1 two-bedroom. Suites have been nicely updated compared to the original finish: kitchens feature laminate countertops and Maple cabinetry which are also found in bathroom along with floor-to-ceiling tile in shower and updated toilets. All suites feature original hardwood floors, a dishwasher & individual breaker box.

Other building highlights include balconies, surface parking (5 stalls at rear), tenant storage lockers, 1 set of washer/dryer (owned), and an exterior bike storage shed.

Upgrades

The property is very well maintained and has featured a varied program of upgrades over the years to both the suites and common areas:

• Completely rebuilt decks/patios including new railings, soffits & vinyl flooring (2013)
• Newer exterior paint (2019) and interior paint (2018)
• Boiler room: updated hot water tank (2010) and separate wall-mounted IBC furnace (2013)
• New carpets in common areas and intercom system (2009)
• Roof is in good shape (2009)
• Kitchen and bathroom countertops and cabinets have been updated (2009)
• Toilets replaced (2009)
• Plumbing replaced (2009)
• Electric breakers (2009)

Location

Connie Lynn Apartments is conveniently located one property in from the northeast corner of West 8th Avenue and Maple Street in Vancouver’s prime Kitsilano neighbourhood. The building sits one block north of the arterial Broadway corridor and within a short walking distance to restaurants, shopping and other everyday retail amenities located on bustling West 4th Avenue.

Public transportation is just steps away along West Broadway. This arterial provides quick access to UBC and the many office buildings located along the corridor. Additionally, Connie Lynn Apartments is situated in the Broadway Corridor Plan Study Area, only 213 meters from the planned Arbutus Skytrain Station. Its been recently announced that construction for the Broadway subway is expected to commence Fall 2020 with a goal to have expansion to Arbutus Street in service by 2025. The plan will focus on opportunities to integrate development around the Broadway subway stations with a focus on rental housing, employment and other key modern land use objectives.

For more details on the site, visit our website www.goodmanreport.com