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GEC Pearson 7657 Cambie St 129 Unit Apartment Building $72,000,000 CAD ($558,140 CAD/Unit) 3.94% Cap Rate Vancouver, BC V6P 3H8
Investment Highlights
- Mix of student housing and furnished market rental apartments (65% student housing, 35% market rental)
- Treat as clear title
- Bare trust opportunity (potential for property transfer tax savings)
Executive Summary
Property Facts
| Price | $72,000,000 CAD | Building Class | B |
| Price Per Unit | $558,140 CAD | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 96,605 SF |
| Cap Rate | 3.94% | Average Occupancy | 84% |
| No. Units | 129 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | CD-1 - Comprehensive Development | ||
| Price | $72,000,000 CAD |
| Price Per Unit | $558,140 CAD |
| Sale Type | Investment |
| Cap Rate | 3.94% |
| No. Units | 129 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 96,605 SF |
| Average Occupancy | 84% |
| No. Stories | 6 |
| Year Built | 2018 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | CD-1 - Comprehensive Development |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- LEED Certified - Gold
- Bicycle Storage
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 59 | - | 488 |
| 1+1 | 29 | - | 462 - 543 |
| 2+1 | 41 | - | 609 - 713 |
Sustainability
Sustainability
LEED Certification Led by the Canada Green Building Council (CAGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
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GEC Pearson | 7657 Cambie St
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