Welcome to Avonlea Apartments!
4141 Oak St. is a rare opportunity for investors to acquire a 100% freehold interest in a 12 suite boutique apartment building in one Vancouver's most affluent neighborhoods - Shaughnessy! The 53.15 x 120 foot lot measures approximately 6,378 SQFT allowing for 12 units (10 x 1 bedroom apartments and 2 x studio apartments).
The building is well maintained for its age (built in 1946) and includes recent upgrades such as a new high efficient Mighty-Therm boiler and hot water tanks, dual pane windows throughout and recent upgrades to approximately 50% of the 1 bedroom apartment units. Coin opperated laundry rooms, individual hydro meters, copper plumbing and wiring are installed thoughtout the building.
Centrally located at the well known intersection of King Edward and Oak St., the property presents excellent future upside having been designated for 3.0 FSR under the Cambie Corridor OCP - allowing for 19,134 buildable square feet. The building is in the heart of Shaughnessy's medical district whose services include the likes of BC Children's and BC Women's Hospital.
The property is supported by local publlic transit including a short 12 minute walk to the King Edward Skytrain Station (Canada Line Skytrain) and just a 12 minute drive to downtown Vancouver. For more information on the property please enquire!
- Great Schools
- Shopping Nearby
- Shaughnessy Neighborhood
- Queen Elizabeth Park Nearby
- 12 minute drive to downtown
- 12 minute walk to King Edward Sky Train
- Mixed Use Zoning Designation RM-3A
- Multiple Renovated Units
- Individual Hydro Meters
- New High Efficiency Boiler System
- New Windows Throughout
- 3.0 FSR
- Future 6 Storey Medium Density Development Potential
- 12 Boutique Apartment Suites
- Hardwood Floors
- Coin Laundry