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2033 Beach Avenue, Vancouver Accepting Bids to February 2, 2009 36 Unit Apartment Building BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
BUILDING SUMMARY 2033 Beach Avenue, Vancouver The “Oceanaire Apartment” is located steps from the beach and is situated at Stanley Park’s entrance. This ten storey plus penthouse concrete highrise is in a fabulous location minutes away from Denman and Davie Streets near restaurants, shops and transportation. The building has a well thought out design plan and is nicely landscaped. Stunning views of the ocean, Kitsilano, and UBC! The building has the original elevator as well as a large office space, double windows in the front of the building, 36 storage lockers and bike storage. Plenty of parking with the bright 12 stall underground secured parking with sprinkler system, as well as the 10 open parking spots. The newly renovated lobby is tastefully decorated and the nice bright hallways are pressurized. There is a good sized laundry room with 2 each of newer washers and dryers that are leased. The building has an original beaver boiler for heating and a separate mighty thermal boiler which was replaced in 2005 for domestic hot water heat with two hot water storage tanks. The hot and cold piping was also replaced. The suites have individual thermostats, intercom system, smoke and heat detectors, and individual mail slots. Units also have wall to wall carpets in the bedrooms and lino floors in the dining room and kitchen. Every unit is a corner suite with lots of natural light. Most countertops in the kitchens have been replaced and are fitted with wood cabinets and tiled backsplashes. Bathrooms have fans or windows and most medicine cabinets have been replaced. Units also have décor switches and plugs and metal louvered closet doors. All the 944 sq. ft. two bedroom suites have dishwashers, full size frost free fridges and full size stoves. They also include 1.5 bathrooms and 2 patios, 1 in the living room and one in the master bedroom. The penthouse has its own washer and dryer. The 496 sq. ft - 577 sq. ft. one bedrooms have 24” fridges and stoves, and 60 sq. ft. patios.
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES!
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
RENT ROLL - December 2008 2033 Beach Avenue, Vancouver
Unit Number
Unit Type
1 101 102 103 104 201 202 203 204 301 302 303
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Square Feet 496 496 496 485 494 496 496 485 494 496 496 485
Monthly Rent 935 887 925 1,030 1,060 892 980 1,025 1,035 902 930 557
1,300
494 496 496 485 494 569 577 944 569 577 944 569 577 944 569 577 944 569 577 944 569 577 944
1,035 926 922 1,040 1,110 1,008 974 1,950 1,085 982 1,900 1000 1004 2,040 1,024 1,020 1,998 1,050 1,015 1,958 1,057 1,045 2,060
1,300 1,150 1,150 1,300 1,300 1,250 1,250 2,100 1,250 1,250 2,100 1,250 1,250 2,150 1,250 1,250 2,150 1,250 1,250 2,200 1,275 1,275 2,200
861
2,429
2,500
$42,790
$51,200
(Manager’s Suite)
304 401 402 403 404 501 502 503 601 602 603 701 702 703 801 802 803 901 902 903 1001 1002 1003 1101 TOTAL
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom Penthouse
Market Rents 1,150 1,150 1,150 1,300 1,300 1,150 1,150 1,300 1,300 1,150 1,150
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
FINANCIAL SUMMARY 2033 Beach Avenue, Vancouver
Actual Jan November 2008
Estimated Jan December 2008
Projected
Annual Revenue Rental Income Laundry Parking Less Vacancy Rate (.5%) Total Annual Gross Revenue
465,496 5,701 8,085 ( 2,396) $476,886
$513,480 6,219 8,820 ( 2,643) $525,876
$614,400 6,219 8,820 ( 3,147) $626,292
Annual Expenses Advertising and Bank Charges Bank Charges Elevator Maintenance Gas Hydro Insurance Licenses Pest Control Property Taxes Repairs & Maintenance Waste Collection Telephone Water & Sewer Wages & Payroll Contributions Total Annual Expenses
1,785 19 4,186 30,085 4,883 8,188 1,039 515 34,582 20,839 2,033 938 3,846 23,700 $136,638
1,947 19 4,566 32,820 5,326 8,188 1,039 561 34,582 22,733 2,217 1,023 3,846 25,855 $144,722
1,947 19 4,566 32,820 5,326 8,188 1,039 561 34,582 22,733 2,217 1,023 3,846 25,855 $144,722
$340,248
$381,154
$481,570
28.65%
27.52%
23.10%
Total Annual Net Revenue Expense Ratio
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
PROPERTY INFORMATION 2033 Beach Avenue, Vancouver
Legal Description:
Plan 92 Lot 16 Block 71 DL 185
Suite Mix – 36 Units Total
29 - 1 Bedroom 6 - 2 Bedroom 1 – 2 Bedroom Penthouse
Chattels:
36 fridges, 36 stoves 7 dishwashers 1 washer, 1 dryer
Zoning:
Multifamily High Rise RM-5B
Lot Size:
66’ x 131’
Age:
44 Years (constructed 1965)
Property Taxes 2008:
$38,465
Assessments 2008:
Land $3,132,000 Improvement $4,672,000 Total $7,804,000
Contracts:
Northwest Waste Management Engs Laundry
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
LOCATION 2033 Beach Avenue, Vancouver
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
2033 Beach Avenue, Vancouver Accepting Bids to February 2, 2009 36 Unit Apartment Building BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
BUILDING SUMMARY 2033 Beach Avenue, Vancouver The “Oceanaire Apartment” is located steps from the beach and is situated at Stanley Park’s entrance. This ten storey plus penthouse concrete highrise is in a fabulous location minutes away from Denman and Davie Streets near restaurants, shops and transportation. The building has a well thought out design plan and is nicely landscaped. Stunning views of the ocean, Kitsilano, and UBC! The building has the original elevator as well as a large office space, double windows in the front of the building, 36 storage lockers and bike storage. Plenty of parking with the bright 12 stall underground secured parking with sprinkler system, as well as the 10 open parking spots. The newly renovated lobby is tastefully decorated and the nice bright hallways are pressurized. There is a good sized laundry room with 2 each of newer washers and dryers that are leased. The building has an original beaver boiler for heating and a separate mighty thermal boiler which was replaced in 2005 for domestic hot water heat with two hot water storage tanks. The hot and cold piping was also replaced. The suites have individual thermostats, intercom system, smoke and heat detectors, and individual mail slots. Units also have wall to wall carpets in the bedrooms and lino floors in the dining room and kitchen. Every unit is a corner suite with lots of natural light. Most countertops in the kitchens have been replaced and are fitted with wood cabinets and tiled backsplashes. Bathrooms have fans or windows and most medicine cabinets have been replaced. Units also have décor switches and plugs and metal louvered closet doors. All the 944 sq. ft. two bedroom suites have dishwashers, full size frost free fridges and full size stoves. They also include 1.5 bathrooms and 2 patios, 1 in the living room and one in the master bedroom. The penthouse has its own washer and dryer. The 496 sq. ft - 577 sq. ft. one bedrooms have 24” fridges and stoves, and 60 sq. ft. patios.
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES!
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
RENT ROLL - December 2008 2033 Beach Avenue, Vancouver
Unit Number
Unit Type
1 101 102 103 104 201 202 203 204 301 302 303
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Square Feet 496 496 496 485 494 496 496 485 494 496 496 485
Monthly Rent 935 887 925 1,030 1,060 892 980 1,025 1,035 902 930 557
1,300
494 496 496 485 494 569 577 944 569 577 944 569 577 944 569 577 944 569 577 944 569 577 944
1,035 926 922 1,040 1,110 1,008 974 1,950 1,085 982 1,900 1000 1004 2,040 1,024 1,020 1,998 1,050 1,015 1,958 1,057 1,045 2,060
1,300 1,150 1,150 1,300 1,300 1,250 1,250 2,100 1,250 1,250 2,100 1,250 1,250 2,150 1,250 1,250 2,150 1,250 1,250 2,200 1,275 1,275 2,200
861
2,429
2,500
$42,790
$51,200
(Manager’s Suite)
304 401 402 403 404 501 502 503 601 602 603 701 702 703 801 802 803 901 902 903 1001 1002 1003 1101 TOTAL
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom Penthouse
Market Rents 1,150 1,150 1,150 1,300 1,300 1,150 1,150 1,300 1,300 1,150 1,150
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
FINANCIAL SUMMARY 2033 Beach Avenue, Vancouver
Actual Jan November 2008
Estimated Jan December 2008
Projected
Annual Revenue Rental Income Laundry Parking Less Vacancy Rate (.5%) Total Annual Gross Revenue
465,496 5,701 8,085 ( 2,396) $476,886
$513,480 6,219 8,820 ( 2,643) $525,876
$614,400 6,219 8,820 ( 3,147) $626,292
Annual Expenses Advertising and Bank Charges Bank Charges Elevator Maintenance Gas Hydro Insurance Licenses Pest Control Property Taxes Repairs & Maintenance Waste Collection Telephone Water & Sewer Wages & Payroll Contributions Total Annual Expenses
1,785 19 4,186 30,085 4,883 8,188 1,039 515 34,582 20,839 2,033 938 3,846 23,700 $136,638
1,947 19 4,566 32,820 5,326 8,188 1,039 561 34,582 22,733 2,217 1,023 3,846 25,855 $144,722
1,947 19 4,566 32,820 5,326 8,188 1,039 561 34,582 22,733 2,217 1,023 3,846 25,855 $144,722
$340,248
$381,154
$481,570
28.65%
27.52%
23.10%
Total Annual Net Revenue Expense Ratio
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
PROPERTY INFORMATION 2033 Beach Avenue, Vancouver
Legal Description:
Plan 92 Lot 16 Block 71 DL 185
Suite Mix – 36 Units Total
29 - 1 Bedroom 6 - 2 Bedroom 1 – 2 Bedroom Penthouse
Chattels:
36 fridges, 36 stoves 7 dishwashers 1 washer, 1 dryer
Zoning:
Multifamily High Rise RM-5B
Lot Size:
66’ x 131’
Age:
44 Years (constructed 1965)
Property Taxes 2008:
$38,465
Assessments 2008:
Land $3,132,000 Improvement $4,672,000 Total $7,804,000
Contracts:
Northwest Waste Management Engs Laundry
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
LOCATION 2033 Beach Avenue, Vancouver
BILL GOOLD (604) 876-9950 [email protected] WE SPECIALIZE IN APARTMENT BUILDING SALES! RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.billgooldrealty.com Each office independently owned and operated The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness
