Log In/Sign Up
Your email has been sent.
Laguna Beach Apartments 1516 Burnaby St 18 Unit Apartment Building $11,600,000 CAD ($644,444 CAD/Unit) Vancouver, BC V6G 2E8
Investment Highlights
- Superb West End location within walking distance to English Bay, Stanley Park, and Denman Street.
- Below-market rental rates allow for significant income growth upon turnover.
- Close proximity to retail, dining, business services, and major transit routes.
- Well-maintained building with recent roof and hot water system upgrades.
- Diverse unit mix with a penthouse featuring expansive city and water views.
Executive Summary
Laguna Beach Apartments offers a rare investment opportunity in Vancouver’s historic West End, a highly desirable residential enclave known for its proximity to English Bay and Stanley Park. This three-story, wood-frame building includes 23 rental suites featuring an attractive mix of one- and two-bedroom units, including a penthouse with ocean and mountain views. Current rental rates are well below market, presenting substantial potential for value enhancement through tenant turnover and interior upgrades.
The property benefits from recent capital improvements, including a new roof and hot water tank, reducing near-term maintenance expenditures. Located steps from world-class amenities, popular retail corridors, and vibrant dining options, it offers easy access to transit and downtown Vancouver’s central business district. Investors can leverage both its prime location and income growth potential to achieve strong long-term returns.
The property benefits from recent capital improvements, including a new roof and hot water tank, reducing near-term maintenance expenditures. Located steps from world-class amenities, popular retail corridors, and vibrant dining options, it offers easy access to transit and downtown Vancouver’s central business district. Investors can leverage both its prime location and income growth potential to achieve strong long-term returns.
Property Facts
| Price | $11,600,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $644,444 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 18,789 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | RM-5A - Residential | ||
| Price | $11,600,000 CAD |
| Price Per Unit | $644,444 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 18,789 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Zoning | RM-5A - Residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Strong public transit
80/100
Exceptionally bikeable
90/100
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Laguna Beach Apartments | 1516 Burnaby St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.