Tantalus Manor

1098 Wilson Crescent
Squamish BC

Tantalus Manor View1

Property Type

Multifamily
Property Size
42 645 Sq Ft
Available Space
42 645 Sq Ft
Opportunity Type
Sale
Price
CAD 6,950,000
Related Links

DescriptionClick Here To View Mapped Property

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JLL is very pleased to exclusively present investors a truly rare opportunity to acquire 100% freehold interest in Tantalus Manor, an existing multifamily property centrally located in the rapidly growing seaside and mountain community of Squamish, B.C. The unprecedented 0% vacancy rate, in-migration of new residents, and the subsequent dramatic rise of home ownership entry cost makes this a very strategic investment for multifamily investors.

Investment Highlights

  • Massive revenue upside potential
  • Proximity to the Squamish downtown core and business district makes it an ideal location for tenants to access key services and amenities
  • Desirable suite mix of spacious units , an elevator, ample parking, and balconies will attract a diverse array of potential tenants
  • Property is well-managed by a professional third party property management company and long-term resident caretaker

Value-Add Opportunity

Current rents are 20% below CMHC average rents and 50% below market rents which provides investors significant value-add and subsequent revenue upside potential. The net operating income can potentially be doubled through a comprehensive building renovation and re-leasing program the short term. The long-term opportunity is to eventually unlock the potential under latent land value via redevelopment of the property on the approximate 40,000 sf lot to a higher density given its proximity to the downtown core.

Contact a Broker
David Venance_Commercial Real Estate Broker
David Venance

+1 604 267 2455

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James Blair_Commercial Real Estate Broker
James Blair

+1 604 790 7089

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Patrick McEvay_Commercial Real Estate Broker
Patrick McEvay

+1 604 267 2455

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