Twin Lakes Townhomes

THE OFFERING

The CBRE National Apartment Group – BC has been retained by the Owner on an exclusive basis to offer the 100% interest in the “Twin Lakes Townhomes”, a well maintained townhouse rental complex comprising seven different buildings with a total of 57 rental townhouses, prominently situated on a large 9.43 acre land parcel in the heart of the District of North Vancouver, BC.

Situated in a private oasis in the heart of the North Shore mountains, Twin Lakes is prominently located in the Carisbrooke neighborhood of North Vancouver in close proximity to both the Lonsdale Commercial corridor and the abundance of shops and services provided in the Lynn Valley Town Centre.

The current owner has spent in excess of $3M in capital upgrades during their ownership updating townhomes to a high end condo quality finish as they turn over and making further improvements to the property as required.

INVESTMENT HIGHLIGHTS

• Consisting of 57, 2 & 3 bedroom rental townhouses, this an opportunity to acquire a property of unique scale;
• Close proximity to an abundance of shops & services, parks & recreation, schools and just minutes to Highway 1, the Lions Gate and Second Narrows Bridges;
• Large 9.43 acre land parcel may provide for future redevelopment opportunities;
• Competitive initial yield with additional upside to grow cash flow & yield upon turnover of the 22 unrenovated units, which would be renovated and then leased at the current market rents.
• Title to the property is held in a Bare Trust, which may provide significant tax savings.