1222 Pendrell Street, Vancouver, BC
FOR SALE
Property Details
- Lot Size 8,645 sf (66 ft x 131 ft)
- Zoning RM-5B
- Land Use Designation LAP: West End - Nelson Plateau
- Year Built 1972
- Storeys 10
- Units 43
- Suite Mix 1-Bed: 42 | 2-Bed: 2
- Parking Underground: 12 | Upper-Level: 15
- Sale Structure Asset sale - PTT will apply
- Pricing Guidance $15,000,000 ($349,000 per door)
Opportunity
Avison Young Multi-Family Team is pleased to present a rare opportunity to acquire a 43-unit concrete rental apartment building in the heart of Vancouver’s iconic West End and Davie Village. Ideally located at 1222 Pendrell Street, Vancouver, BC, the property is a value add opportunity and priced to ensure investors can capture the upside of this asset.
1222 Pendrell Street presents a unique opportunity to capitalize on Vancouver’s coveted West End location — a thriving neighborhood with excellent long-term growth potential. This value-add property is an exceptional investment in one of Vancouver’s most desirable areas, where residential demand continues to soar, supported by a growing and diverse population.
Investment Highlights
Priced below market at $349,000 per door
3 vacant units available for immediate renovation
Rents are currently 64% below market
Suite mix: 41 one bedrooms and 2 x 2 bedroom penthouses
Secure underground and surface parking available
Major capital upgrades are required to ensure long term stability of the asset
