Macdonald Commercial is pleased to offer for sale, Northyards 1 and Northyards 2 by WestUrban Developments, located at 39666 and 39668 Government Road in
breathtaking Squamish BC.
This is a tremendous opportunity for an investor to acquire two new Class-A Mixed Used Rental Buildings in a rapidly growing and supply constrained market. According to CMHC market survey, Squamish has a 0.7% vacancy rate at present.
Achieving occupancy permit in November 2020, Northyards 1 has 40 rental apartment units comprised of 11-studio, 19 one-bedroom and 10 two- bedroom suites. In
addition, there are 3 office units with a net rentable area of 3,238 sf on the second floor included in this sale offering.
Northyards 2 received its occupancy permit in January 2023. There are 38 rental apartment units with a mix of 11-studio, 15 one-bedroom and 12 two-bedroom suites. Also included in this sale are 5 ground floor commercial retail units with a net rentable area of 8,439 sf plus second floor office space with a net rentable area of 3,185 sf. Ample dedicated and secure parking is available for residential and commercial tenants alike.
Both apartments are energy efficient, have condo-grade appliance packages and finishings, secure underground parking and bike storage, elevator access and are close
to a myriad of amenities in Squamish. The Property is held in bare trust, allowing prospective suitors to save on property transfer tax. Furthermore, there is attractive assumable CMHC financing in place. Please inquire for more particulars.