2266 Trinity Street offers 97.6 ft of frontage and 122 ft of depth and is improved with a renovated 20-suite 3-storey apartment building. Substantial capital expenditures have been recently completed in 2013 including a new roof, high efficiency boiler, two new hot water tanks, kitchens, bathrooms, electrical panels, windows, and balcony railings. The property is located in the rapidly growing residential hub known as Cedar Cove which is less than 10-minutes east of Downtown Vancouver offering convenient access to bistros, cafes, craft breweries and sweeping views of the Burrard Inlet and North Shore Mountains.
Current Net Operating Income is at a compelling $196,000 already with upside to $314,000 by renovating suites to a higher spec and achieving market rents. The subject property falls within the Cedar Cove Precinct of the Grandview Woodland Community Plan allowing up to 2.40 FSR, 28,591 buildable square feet over 6-storeys for Secured Rental development.
Offers will be reviewed on an “as and when presented” basis.
Detailed financials are available upon request. Please contact the listing agents for more information.