Canina Investment

8687 Selkirk Street, Vancouver West, BC, Canada

Service Apartment Property Features:

-  All new stainless-steel appliances with dishwashers

-  In-suite laundry and closet organizers in every unit

-  New plumbing including main line and risers

-  Upgraded electrical, a new roof, and new double-glazed windows

-  All new cosmetics including kitchens, bathrooms, and common areas

Improvements

Originally built in 1957, the subject property features 10 one-bedrooms and one two-bedroom, two-bathroom suite, all of which were substantially renovated in 2018. A new digital telecom system connects to tenants’ cellphones providing easy, yet secure access to the building. The hallways and common areas feature new carpeting which is accented by floor-to-ceiling detailed wood paneling.


Every suite has been refinished with durable laminate flooring and the kitchens are equipped with new stainless-steel fridges, stoves, microwaves, sinks, dishwashers, built-in microwaves, as well as in-suite laundry and European-finish cabinets with quartz countertops. Bathrooms feature new tile-surrounds and flooring. Suites are further enhanced with closet organizers in every bedroom and two of the ground-floor suites feature private patios.


Two Navien high efficiency wall-mounted boilers disperse heat by way of baseboard radiator and the building are completely replumbed with new main lines and risers as well as new plumbing within each suite. The main electrical service is 400-amps, whereby nearly all units are metered individually and those tenants are billed directly for hydro. The roof is comprised of a torched-on membrane and was replaced in 2018.

Location

The subject property is strategically located on the northwest corner of Selkirk Street and West 71stAvenue in the heart of the burgeoning neighborhood of Marpole. In recent years, Marpole has witnessed consistent rental appreciation as tenants are drawn to the area for its transit accessibility and numerous commercial amenities.


Situated only two blocks west of Oak Street and one block south of West 70thAvenue, there is direct access to multiple bus routes and rapid transit that connect Marpole to UBC, Richmond, Downtown Vancouver and beyond. Additionally, the proposed Arbutus Greenway Light Rail Transit Line will further connect Marpole with the remainder of Vancouver’s West side.


Just west of the property is Granville Street, where new mixed-use developments provide tenants with national retailers like Safeway, RBC and Starbucks, as well as wealth of other retailers, restaurants and service providers.