SOLD HEMLOCK TOWER
Hemlock Tower is a 19 suite, ten-story residential high-rise with underground parking that provided an excellent opportunity for renovation and repositioning in the South Granville neighbourhood in Vancouver. There was significant upside in rental income that could be achieved after renovations. The goal of the renovation was to convert the mid-market tenants to more affluent ones. This was achieved due to the quality and level of the renovations, the prime location of the property and its surrounding demographics.
LOCATION: 1385 West 15th Avenue, Vancouver, BC
DATE PURCHASED: September, 2002
DATE SOLD: July, 2004