1520 Blackwood St - Apartments FOR SALE


White Rock, BC V4B 3V4
$10,000,000 CAD
604-684-8844
1520 Blackwood St, White Rock, BC for Sale
$10,000,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1520 Blackwood St
White Rock, BC V4B 3V4


HIGHLIGHTS

  • Centrally located near shopping, entertainment, and essential services.
  • Minutes from White Rock and Crescent Beaches.
  • Convenient access to Metro Vancouver via major transportation routes.
  • Resident amenities include secure underground parking, recreation center, and workshop facilities.
  • Shares and long-term lease structure provide a distinctive ownership opportunity.

OVERVIEW

Blue Surf Holdings Ltd. is a well-maintained, three-storey wood-frame apartment building originally constructed in 1974 as a 27-unit rental property. In 1976, the building was converted to a non-profit company structure under Blue Surf Holdings Ltd. A total of 10,000 shares were issued at that time, with each suite assigned a specific number of shares based on square footage. All residents are shareholders, and ownership of shares is required to reside in the building— fostering a strong sense of community and pride of ownership among occupants. The property offers a diverse unit mix of 2 studio suites, 13 one-bedroom suites, and 12 two-bedroom suites. Main floor suites feature expansive walk-out patios, some reaching up to 1,200 sq. ft., while the second and third floors include comfortable walk-out balconies of approximately 50 sq. ft. Each level also provides dedicated storage lockers for shareholder use. Heating is supplied through hot water circulated via baseboard radiators, supported by two boilers. The building is copper-wired, with each unit equipped for 60-amp service. Fire safety is enhanced through sprinkler systems located in rooms and the parking level. Ideally situated within walking distance to a full range of amenities including: dental and medical offices, banks, pharmacies, grocery store, liquor stores, and public transit. Blue Surf Holdings Ltd. offers both convenience and community living in a well-established and managed environment. The building is improved on a large 20,654 SF site, zoned RM-2 with an Town Centre Transition designation in White Rock’s Official Community Plan (OCP).

FOR SALE DETAILS

PRICE

$10,000,000 CAD

PRICE/SF

$370 CAD /SF

# OF UNITS

27

PRICE/UNIT

$370,370

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Surf

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,739 SF

ZONING

-

APN/PARCEL ID

024381098,024381110

ASK ABOUT THIS PROPERTY

Michael CoulterKlein Group Commercial Real EstateMore Info
604-684-8844

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Michael CoulterKlein Group Commercial Real EstateMore Info
604-684-8844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.