Manoa Yew was built in 1929, the same year that Point Grey and South Vancouver amalgamated with the City of Vancouver. On the property a laneway house was built, likely hosting the original owners or caretaker of the property. A few years later the Burrard Street Bridge was built connecting Kitsilano with downtown Vancouver. This vibrant neighbourhood exploded during the early 1900’s as students and hippies found affordable accommodation downtown. Since then the building has only changed hands a couple of times. The current owners have run and operated the building for generations. In which time, rents in Kitsilano have skyrocketed as population continues to increase and rental stock diminishes.
A new owner has the opportunity to turn a new chapter for Manoa Yew. Keeping the beautiful character finishes of the property, an investor can input some capital into suite renovations to meet the higher end demands of Millennials. Residents today appreciate more than ever the extravagant wood finishings, high ceilings, and spacious units that were common during this era of construction. The roof and plumbing have already been replaced reducing capital required. A unique aspect of the property is the additional house. Many residents in Kitsilano are still more of the creative type and prefer eclectic accommodation or their own separated house that can feel more homey.
| Property Details | |
| Number of units | 22 units plus a legal triplex laneway house |
| Net operating income (2016) | $173,948 |
| Lot size | 9,000 SF (75’ x 120’) |
| Zoning | RM-4 |
| Year Built | 1929 |
| Suite Mix | |
| One-Bedroom | 14 units |
| Bachelor | 8 units |
| Bachelor (House) | 1 unit |
| One-Bedroom (House) | 1 unit |
| Two-Bedroom (House) | 1 unit |
| Total Legal Units |
25 units |
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
Terry has transacted over $3 billion multi-family properties over the course of his career and in 2016 he was awarded the “Top Real Estate Board of Greater Vancouver Commercial REALTOR® for Total Dollar Volume.” He was also the #1 Commercial Broker at NAI Commercial in Canada. Terry was educated in Ontario where he graduated with a diploma in Business from Sir Sanford Fleming College. Terry joined NAI Commercial’s Vancouver office in June of 1980 after a successful career with the commercial downtown office of Canada Permanent and has gained over 40 years of experience as a real estate specialist in multi-family investments. Terry has had the opportunity to work in NAI Commercial’s offices in London, England where he specialized in marketing North American Properties to European pension funds and institutions. He helped set up the international department for Goddard & Smiths London office and worked with senior partners to arrange their first international property auction in New York. Terry returned to Goddard & Smith in Vancouver at the end of 1986 and continues to specialize in multi-family investment projects.
Personal Real Estate Corporation
Senior Vice President
(604) 691-6680
jtang@naicommercial.ca
Jackson Tang is a seasoned commercial real estate expert with over three decades of experience specializing in multi-family investment properties across the Lower Mainland. A graduate of Simon Fraser University (BBA, Marketing & Finance, 1986), Jackson began his career as a project coordinator, conducting site evaluations and feasibility studies for a development firm before transitioning into commercial real estate in 1987.
Since joining NAI Commercial (formerly Goddard & Smith International), Jackson has established himself as a leading authority in multi-family real estate, successfully brokering over $3 billion in investment transactions. His deep market knowledge, strategic insight, and dedication to client success have made him a trusted advisor to investors, particularly those from offshore markets.
Fluent in English, Mandarin, Cantonese, and Hokkien, Jackson leverages his multicultural background and international perspective to serve a diverse clientele. Whether guiding first-time investors or seasoned developers, he delivers exceptional results through tailored strategies and a relentless commitment to excellence.
Crosbie is a licensed commercial real estate broker with expertise in multifamily investments. He holds a Bachelor of Commerce with dual specializations in Finance and Real Estate from UBC Sauder School of Business. With a strong foundation in market and financial analysis, proforma development, and advanced capabilities in Excel, Crosbie brings a fresh perspective to the team by applying innovative strategies to drive business growth and investment opportunities. His working knowledge of RStudio and Python further enhances the multifamily team’s data analytics capabilities and market research.
As a member of the NAI Apartments team, Crosbie is focused on expanding his expertise in multifamily investments and exploring new market opportunities. Known for his quick learning ability, strong work ethic, and fresh perspective, Crosbie is committed to further developing his skills and making an impact in the industry.
Taylor is a dedicated and results-oriented professional with a proven track record in real estate. In 2022, he seamlessly transitioned to the NAI Apartment team to elevate his expertise and contribute to the dynamic industry landscape. His passion for real estate is underscored by a keen focus on apartment buildings within the vibrant Greater Vancouver market. Taylor brings a sophisticated approach to investment analysis and market trends, leveraging his extensive knowledge of the local market.
Guided by a client-centric ethos, Taylor prioritizes building enduring relationships by delivering unparalleled service and optimal results. Through effective communication and a collaborative mindset, he consistently strives to surpass expectations while maintaining a professional and approachable demeanor.
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