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SOLD > High-Rise Apartment Building in Kerrisdale
SOLD > High-Rise Apartment Building in Kerrisdale
SOLD > High-Rise Apartment Building in Kerrisdale
SOLD > High-Rise Apartment Building in Kerrisdale
SOLD > High-Rise Apartment Building in Kerrisdale
The Fontainebleau Apartments are located at 5455 Balsam Street in Vancouver’s affluent Kerrisdale neighbourhood. This 57,621 SF lot is currently improved with a a 13-storey high-rise apartment building and has potential for another 13-storey development to be built on site.

Sitting on the tree-lined corner of Balsam Street and West 39th Avenue, the Fontainebleau Apartments offer tranquility while being just steps away from the vibrant Kerrisdale Village. Walk to popular restaurants, cafes, and shops; along with prominent community amenities including Kerrisdale Community Centre, Kerrisdale Arena, Point Grey Secondary and Quilchena Elementary school in under 10 minutes. While close proximity to West 41st Avenue allows for easy vehicle and bike access to Downtown Vancouver, UBC and any Vancouver destination.

The Fontainebleau Apartments currently offer 87 units spanning over 13-storeys. Built in 1966, this property also has 114 secured parking stalls and an in-ground pool. The extremely low vacancy rate allows for an attractive in-place operating income, while the development potential presents the opportunity to increase cashflow exponentially. The proposed development is an additional 13-storey high-rise with 129 units, which would increase the the existing FSR from 1.78 to 3.55.

Détails sur la propriété

  • 02/07/2020
  • SOLD