Shaughnessy apartment building with a 2.4% cap rate on actual income. The building is in good condition and lot is designated for higher density (6 storey mixed use). Avonlea Apartments is a fully tenanted 12-unit freehold apartment building located along Oak Street in one of Vancouver’s most affluent neighbourhoods. The units are spacious, and each equipped with their own dishwasher. The building sits on a 6,378 square foot lot and has been well maintained over the years. Recent updates include new double paned windows throughout, a high efficiency Mighty-Therm boiler and hot water tanks, double pane windows, and a large laundry room with two sets of coin operated machines. and future development potential as a 3.0 FSR site in the Cambie Corridor OCP.